According to a story from the New York Times earlier this week, the Biden administration is pushing stats based on an “unconventional” methodology to show that American billionaires aren’t paying their fair share of taxes. The income tax is generally progressive. Contrary to popular belief, most top 1 percent earners don’t pay lower income-tax rates than Warren Buffett’s proverbial secretary.
Similar Stories to Joe Biden Is Down To Tax The Richest Of The Rich. Congress? Not So Much. on Bing News
Michael Mechanic, Mother Jones
Sat, 09/25/2021 - 11:52am
Topics: new york times earlier warren buffett s america s propublica revealed gates musk soros zuckerberg uc-berkeley s emmanuel saez congress treating democrats senate business roundtable us chamber commerce emmanuel saez top americans i biden american buffett buffett irs saez emmanuel saez zucman gabriel zucman in the triumph injustice tax percent rate average pay rates earners federal wealth wealthy long share based don show aren regular math percent—the year people work
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