Hilarious observation to note re: high stakes games

[TheOneWizard]

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Diablo,

I've heard that a lot of players actually hate the reduced rake because it means they get less rakeback.

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This much is true, as discussed in the Cassidy newhiz thread at length. The reason its so much less on FTP is because their pros get vry high RB %, imagine the difference over 100k hands if Ivey (on 60%+ RB) was paying $2 rather than .50c per hand; this would pretty half FTPs months profits

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what does 60% + rakeback mean?

every pot he wins he pays no rake plus 60% of the $.50 rake?

or does he get 60% of every dollar raked off his table whether he is in the hand or not?

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Could someone answer or point to the thread where it was answered?