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Two questions. Do they actually end up paying that tax rate? Or is that before deductions and only the rate on their personal earned income. There are a lot mo
by ItendToDisagree 13y ago
Two questions.
Do they actually end up paying that tax rate? Or is that before deductions and only the rate on their personal earned income. There are a lot more ways to game the tax system when you have a great deal of wealth.
What percentage of the wealth do they have relative to everyone else?
- refurb 13y agoThe definition of "effective tax rate" is what they actually paid.
- ItendToDisagree 13y agoBut not in this case... which is why I asked. The parent has updated their post to show this. The quoted number was only their income tax rate.
- refurb 13y agoThis might help then.... http://blogs.wsj.com/wealth/2012/04/18/the-real-tax-rates-of-the-rich/ http://blogs.wsj.com/wealth/2012/04/18/the-real-tax-rates-of...