A
Actually it's 40% of US RESIDENTS who don't pay FEDERAL income taxes that are about 25% of the total tax burden in the US. Lot's of seniors who did pay as they worked and many young people just starting out in life.
Billionaires pay a lower tax rate than the rest of America's taxpayers, new study finds
The individuals who make up the
Forbes 400 list, topped by Tesla CEO Elon Musk with a fortune of $244 billion, paid an
average effective tax rate of 24% from 2018 to 2020, compared with a 30% rate for all other U.S. taxpayers, the researchers said in a new
paper published in the National Bureau of Economic Research.
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.
www.cbsnews.com
THE RICHEST OF THE RICH PAID EFFECTIVE RATES OF 70%+ 1945-1980 AS THE US WAS PAYING DOWN OUR DEBT FROM WW2