I always hear the super-rich pay little in taxes because they know how to game the American tax system. This article goes deeper. It's specific about the million/billionaires we always read about and wonder if it's true. From the article:
"Periodically, we get a glimpse into the financial lives of the ultrarich. A pro athlete signs a huge contract, a tech CEO sells a boatload of shares in their company, or a billionaire heir unloads a Manhattan penthouse. Based on these nuggets of information, the media speculates as to how much income the rich might bring in every year. But nobody actually knows.
Taking Aim at Billionaire Tax Avoiders, Biden Proposes Minimum Tax for Ultrarich
Thanks to an analysis of its unprecedented trove of IRS data, ProPublica is revealing the 15 people who reported the most U.S. income on their taxes from 2013 to 2018, along with data for the rest of the top 400."
https://www.propublica.org/article/...ET_HITS-EN-DAILY-SPONSORED&BOOKBUB-2022_04_15
The link at the very bottom of the article is the most revealing. And just X out of the ad. It is not a paywall.
"Periodically, we get a glimpse into the financial lives of the ultrarich. A pro athlete signs a huge contract, a tech CEO sells a boatload of shares in their company, or a billionaire heir unloads a Manhattan penthouse. Based on these nuggets of information, the media speculates as to how much income the rich might bring in every year. But nobody actually knows.
Taking Aim at Billionaire Tax Avoiders, Biden Proposes Minimum Tax for Ultrarich
Thanks to an analysis of its unprecedented trove of IRS data, ProPublica is revealing the 15 people who reported the most U.S. income on their taxes from 2013 to 2018, along with data for the rest of the top 400."
https://www.propublica.org/article/...ET_HITS-EN-DAILY-SPONSORED&BOOKBUB-2022_04_15
The link at the very bottom of the article is the most revealing. And just X out of the ad. It is not a paywall.
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