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ToastedRavioli@midwest.socialM to Aspen Anti-Billionaire Society@midwest.social · 4 months ago

Billionaires Pay Lower Effective Tax Rates Than Average Americans, New Data Show

blackpressusa.com

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Billionaires Pay Lower Effective Tax Rates Than Average Americans, New Data Show

blackpressusa.com

ToastedRavioli@midwest.socialM to Aspen Anti-Billionaire Society@midwest.social · 4 months ago
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BLACKPRESSUSA NEWSWIRE — A new study by the National Bureau of Economic Research (NBER) reveals that America’s wealthiest billionaires pay a lower share of their income in taxes than most workers and even less than the national average.

cross-posted from: https://piefed.ca/post/176091

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  • Steve@communick.news
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    4 months ago

    Warren Buffet told us this a decade ago.
    I thought it was common knowledge.

  • cecilkorik@lemmy.ca
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    4 months ago

    Billionaires pay taxes? I find that hard to believe.

  • Dadifer@lemmy.world
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    4 months ago

    Not just rate. Lower absolute amount of taxes.

  • adhocfungus@midwest.socialBanned
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    4 months ago

    “New” data? Haven’t they been bragging about it for decades?

Aspen Anti-Billionaire Society@midwest.social

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A community dedicated to spreading awareness of the negative impacts of the billionaire class, especially the 250 richest people on the planet

We believe that the existence of the 0.01% comes at a cost to the rest of us, even multi-millionaires, and hope to spread awareness of this problem among the 1% (who have the most resources to affect change)

All discussion and links related to wealth inequality and related activism are welcome. We hope that this community can serve as an easily accessible repository of information about wealth inequality

Please meet disagreement with civility so we can foster productive discourse

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