| Tax rate | millionaires with lower effective tax rate |
|---|---|
| 35% or more | 236900 |
| 34% | 236600 |
| 33% | 234200 |
| 32% | 225000 |
| 31% | 208600 |
| 30% | 187100 |
| 29% | 130300 |
| 28% | 130300 |
| 27% | 106700 |
| 26% | 88000 |
| 25% | 74900 |
| 24% | 66800 |
| 23% | 61000 |
| 22% | 56300 |
| 21% | 52400 |
| 20% | 48700 |
| 19% | 45500 |
| 18% | 41600 |
| 17% | 37600 |
| 16% | 33400 |
| 15% | 28100 |
| 14% | 22300 |
| 13% | 16400 |
| 12% | 13500 |
| 11% | 11800 |
| 10% | 10600 |
| 9% | 9400 |
| 8% | 8500 |
| 7% | 7400 |
| 6% | 6500 |
| 5% | 5700 |
| less than 5% | 5200 |
Since we are developing tax policy based on the eeeeeeevil rich who only pay capital gains (or even give it the Full Kerry and invest mainly in tax free municipal bonds), we are creating a third income tax system (after the main one and the increasingly hostile alternative minimum tax) to fix the "problem" caused by 28,100 people. And how many of those are "millionaires" for one year only from selling a primary residence and are able to exclude up to $500,000 of the capital gain?