In 2019 over four-fifths of preferential-rate income went to the richest 5 percent.

Evidence

In 2019, roughly 85 percent of income subject to the low preferential rate went to the richest 5 percent of taxpayers, according to the Tax Policy Center, and almost 75 percent went to the top 1 percenters; this is how white wealth increases across a century. — Dorothy A. Brown, The Whiteness of Wealth, 444

Categorization

• ADDENDUM: Supplies the quantified distributional fact anchoring the claim elsewhere in the book that face-neutral capital-gains preference expands since wealthy holders are disproportionately white.