From 2014 to 2018, such households saw their net worth expand by about $65,000 after taxes on average, mostly due to the rise in value of their homes. These include raising the tax rates on people making over $400,000 and bumping the top income tax rate from 37% to 39.6%, with a top rate for long-term capital gains to match that. It's a completely different picture for middle-class Americans, for example, wage earners in their early 40s who have amassed a typical amount of wealth for people their age. Their wealth derives from the skyrocketing value of their assets, like stock and property. Can you explain how this system works?
From 2014 to 2018, such households saw their net wealth expand by about $65,000 due to the rise in tax rates.
( z0 see :ARG0 ( z1 household :mod ( z2 such ) ) :ARG1 ( z3 expand :ARG1 ( z4 wealth :mod ( z5 net ) :poss z1 ) :ARG1-of ( z6 cause :ARG0 ( z7 rise :ARG1 ( z8 rate :mod ( z9 tax ) ) ) ) :ARG2 ( z10 about :op ( z11 monetary-quantity :quant 75000 :unit ( z12 dollar ) ) ) ) :time ( z13 date-interval :op ( z14 date-entity :year 2014 ) :op ( z15 date-entity :year 2018 ) ) )
(z0 / see-01
    :ARG0 (z1 / household
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              :ARG1-of (z6 / cause-01
                           :ARG0 (z7 / rise-01
                                     :ARG1 (z8 / rate
                                               :mod (z9 / tax-01))))
              :ARG2 (z10 / about
                         :op1 (z11 / monetary-quantity
                                   :quant 75000
                                   :unit (z12 / dollar))))
    :time (z13 / date-interval
               :op1 (z14 / date-entity
                         :year 2014)
               :op2 (z15 / date-entity
                         :year 2018)))
From 2014 to 2018 , such households saw their net wealth expand by about $ 65,000 due to the rise in tax rates .
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