One of the great frustrations about US tax law for a lot of Americans is that everyday wage earners can often pay a higher tax rate than billionaire real estate investors.

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Topics:  americans   pay   tax law   
BING NEWS:
  • Big law firm sues city of St. Louis, Collector of Revenue over earnings tax
    The firm claims that the city improperly changed the formula used to assess the earnings tax liability of non-resident partners, resulting in a $370,000 bill for unpaid taxes, interest and penalties.
    05/14/2024 - 8:23 am | View Link
  • No, the Rich Don't Pay Less In Tax Than Working Class
    Yet again, progressive darling and wealth tax crusader Gabriel Zucman has received a featured spot in the New York Times opinion section. Yet again, Zucman is using this soapbox to repeat one of his f ...
    05/13/2024 - 6:00 pm | View Link
  • The Wealth of Billionaires: Where It Came From, Where It Is, and Why It Matters
    Is the economy a zero-sum game? When the rich get richer, does that come at the expense of everyone else? Much political discourse is predicated on this idea. The common term “wealth distribution,” ...
    05/13/2024 - 2:02 am | View Link
  • Extending Trump-era tax-code overhaul could stick these 6 groups with a big bill
    Many Americans have little experience with federal tax increases. Beginning in the 1980s, Congress has been in the habit of lowering tax rates for individuals and corporations with only brief tax-hike ...
    05/9/2024 - 9:20 am | View Link
  • US billionaires pay lower taxes than working class amid growing inequality
    Billionaires in the United States are currently paying a lower effective tax rate than working-class Americans for the first time in history.
    05/9/2024 - 2:44 am | View Link
  • More

 

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