Family Income by Source, 1988

From an article from 1995: Should We Ax the Capital Gains Tax? at the St Louis Fed:

The second column ("Capital") in the table shows the percentage of income from capital (as opposed to income from wages) as the Note below the table says.

Funny thing about that note. Right in the middle of it they change from explaining the table to making excuses for favorable treatment of the wealthy. It's blatant.

You'll find a similar midstream change in the third paragraph of the article:

• Paragraph 1 introduces the topic: "The battle over whether to cut the U.S. capital gains tax is raging again..." (This was from 1995, remember.)
  
  
• Paragraph 2 argues in favor: "On the one side are those who argue" in favor of the capital gains tax cut.
  
  
• Paragraph 3 starts out by saying "On the other side, however, are critics..." But the next sentence takes the proponents side, and it's all downhill from there.
  

Such writing is for people who already have their vested interest and their opinion in favor.

 

It wouldn't matter, except in the long run this is part of a battle over the continued existence of civilization.