/—-/ Why is that wrong?Saint Hikerguy should pay attention to the MAGA Party of Trump oligarch class.
U.S. billionaires now have a lower effective tax rate than working-class
U.S. billionaires were found to pay a lower effective tax rate than the working class, highlighting a significant shift in tax burdens.finbold.comA striking analysis by economist Gabriel Zucman, published in The New York Times, reveals that in 2018, U.S. billionaires paid a lower effective tax rate than the working class, marking a historic shift in tax burdens and igniting calls for urgent tax reforms.Zucman’s analysis underscores the need to rethink the tax strategy as billionaires increasingly generate income through investment avenues rather than traditional salaries, deepening the tax disparity with middle and lower-income earners.One of the primary reasons the superrich face lower effective tax rates is their income structure, which is predominantly derived from wealth, such as dividends and capital gains, rather than traditional salaries.