2 ms·
I'm talking about rates people actually pay. The listed tax rates are fairly meaningless once individuals pass a certain amount of wealth. Effective rates incre
by rurp 3y ago
I'm talking about rates people actually pay. The listed tax rates are fairly meaningless once individuals pass a certain amount of wealth. Effective rates increase to a point and then drop precipitously once a person has enough wealth to game the system. The richest Americans pay a rate of less than 10%.
https://www.whitehouse.gov/cea/written-materials/2021/09/23/what-is-the-average-federal-individual-income-tax-rate-on-the-wealthiest-americans/ https://www.whitehouse.gov/cea/written-materials/2021/09/23/...