Now do the corresponding percentage of the wealth they hoover up.

(Plus, one of the tricks employed is to avoid earning actual taxable money. Steve Jobs famously had a $1 salary; folks like Musk now just borrow against their ever-rising shares. https://www.propublica.org/article/the-secret-irs-files-trov...)

> But take out a loan, and these days you’ll pay a single-digit interest rate and no tax; since loans must be paid back, the IRS doesn’t consider them income. Banks typically require collateral, but the wealthy have plenty of that.

The likes of Musk and Bezos are not earners though. They don't get a salary. They pay nothing in taxes as long as they don't cash out their wealth.