From mid-2019 to the end of 2020, U.S. wealth grew by about $20 trillion.
The richest 10% (who are roughly speaking America's millionaires) took $15 trillion of that.
The average millionaire in America gained about $600,000 during that year and a half.
The "poorest millionaires" gained about $200,000. The 25,000 very richest Americans (the .01%) each took an estimated $80 million during that time.
According to Americans for Tax Fairness and IRS data, over a recent five-year span the 25 wealthiest billionaires paid an effective federal income tax rate of just 3.4% when their wealth growth is counted as income.
Meanwhile, the average federal income tax rate for all taxpayers was 13.3% in 2019.
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