Part 7/9:
The reality is that lower-income individuals are more likely to receive salary-based income, while higher-income earners rely heavily on capital gains. This trend is further complicated by the transient nature of high income brackets. Many individuals who earn over a million dollars in any given year may only achieve such figures sporadically. IRS data reveals that a significant portion of individuals who reach millionaire status do so for only brief periods, further skewing income perception.