News@lemmy.world · 1 month ago

America's billionaires pay lower tax rates than you do, study finds

www.cbsnews.com

cross-posted to:
news@lemmings.world

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America's billionaires pay lower tax rates than you do, study finds

www.cbsnews.com

suspicious_hyperlink@lemmy.today to

News@lemmy.world · 1 month ago

cross-posted to:
news@lemmings.world

Billionaires pay a lower tax rate than the rest of America's taxpayers, new study finds

www.cbsnews.com

The wealthiest 400 people in the U.S. pay a tax rate of 24%, lower than the average rate for all other taxpayers, economists find.

cross-posted from: https://lemmings.world/post/32948660

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DemandtheOxfordComma@lemmy.dbzer0.com
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1 month ago
They don’t pay taxes at all. They claim losses on holding companies or LLCs to offset their gains and pay nothing.

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