This is her reported income for tax purposes. Her real income is probably much higher. Some of it is unrealized capital gains (assets went up in value, but she didn't sell them, so no tax is due).
The wealthy play by a different set of rules...
Some of it is unrealized capital gains (assets went up in value, but she didn't sell them, so no tax is due).The wealthy play by a different set of rules...
So since my Condo has appreciated 300K in 8 years I'm one of those "different set of rules" guys too? I don't think so...
Just because someone owns an asset that increases in value doesn't mean they need to become a class warfare target, even if they are liberal\socialist scum...