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You're missing the point. The effective tax rate of many billionaires is lower than ours. "Musk with a fortune of $244 billion, paid an average effective tax ra
by slacka 10mo ago
You're missing the point. The effective tax rate of many billionaires is lower than ours. "Musk with a fortune of $244 billion, paid an average effective tax rate of 24% from 2018 to 2020". In other years it was as low as 3%[2].
[1] https://www.cbsnews.com/news/income-taxes-billionaire-tax-rate-irs/ https://www.cbsnews.com/news/income-taxes-billionaire-tax-ra...
[2] https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax https://www.propublica.org/article/the-secret-irs-files-trov...
- deleted 10mo ago[deleted]