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Why billionaires pay far 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. The piece argues that as wealth has become increasingly concentrated at the top, tax rates for the wealthiest Americans have declined, allowing them to pay a smaller share of their income than ordinary households.
Why now: Debate over tax fairness and wealth inequality remains a prominent political topic in the US
Mother JonesbillionairesUnited States
Rank over time, top of the chart is #1. 8 snapshots from 1 h ago to 5 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.