is an investigative report by ProPublica into taxation of the ultraweathy in the United States, based on Internal Revenue Service data on the tax returns of thousands of the nation’s wealthiest people.
Tax Avoidance [edit]
True tax rate
truetaxrate . In order to get a sense of how much taxes these individuals pay, the article compares how much in taxes the 25 richest Americans paid each year to how much Forbes estimated their wealth grew in that same time period.
Details
payincometaxes . The wealthiest Americans can legally pay income taxes that are only a tiny fraction of the hundreds of millions, if not billions, their fortunes grow each year.
atruetaxrateofonly3.4% . From 2014 to 2018, the 25 wealthiest Americans paid a true tax rate of 3.4%.
Reference [edit]
Kiel, Jesse Eisinger, Jeff Ernsthausen,Paul. n.d. “The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax.” ProPublica. https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax .
