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Old 04-09-2007, 11:20 PM
pvn pvn is offline
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Join Date: Jan 2004
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Default Re: The Truth About the Rich

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This doesnt seem that surprising given that we are only talking about households with > 1M in net household assets.

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How do you think the numbers would change if you went to, say, $100MM?

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How do you think these numbers would remain unchanged if we went to, say, $100MM?

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I've made no claims that they would or would not. I just asked for an opinion, since sam_h said that looking at $1MM+ made these numbers unsurprising - that implies that other numbers would produce different results, and I'm wondering what his basis for that is, and how he thinks those different numbers will look.

If I had to guess, I would reckon these numbers would be tilted even more heavily in favor of the self-made as you move up to $100MM. First of all, you'll note that the inherentance tax becomes much more significant at this level, decreasing the number of $100MM heirs for any given $100MM+ estate size. Secondly, estates of this size are much, much more likely to be heavily endowed to foundations, etc. Thirdly, there's no counter-balancing factor that makes estates this size *more* likely to be inherited rather than self-made.

So, what you got?
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