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...
Pray for W and Our Brave Troops