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Why billionaires pay less tax than average Americans
Original: Why billionaires pay much less tax than the average American
Mother Jones reports that billionaires in the United States pay a far lower effective tax rate than the average American worker, attributing the gap to decades of declining tax rates on wealth and top incomes. The piece argues that as wealth concentrates at the top, the ultra-rich are able to shelter gains from taxation in ways ordinary earners cannot.
Why now: Debates over taxing the wealthy and inequality are ongoing political flashpoints, renewing attention whenever the tax gap is highlighted
Mother JonesbillionairesUnited States
Rank over time, top of the chart is #1. 30 snapshots from 3 h ago to 10 min ago.
Evidence
- Why billionaires pay much less tax than the average American · Mother Jones
As wealth concentrates at the top, upper-crust tax rates have declined. Go figure.