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orleans

(33,986 posts)
Thu Oct 10, 2019, 12:04 PM Oct 2019

American billionaires paid less in taxes in 2018 than the working class

"In 2018, billionaires paid a smaller portion of their income in taxes than average Americans. That's the first time that has happened in history.

"Billionaires paid 23% of their income in federal, state, and local taxes in 2018, according to an analysis of tax data by the University of California at Berkeley's Emmanuel Saez and Gabriel Zucman for their upcoming book "The Triumph of Injustice." The average American, meanwhile, paid 28%.

"The US tax system is a giant flat tax — except at the top, where it's regressive," Saez and Zucman wrote in "The Triumph of Injustice." "As a group, and although their individual situations are not all the same, the Trumps, the Zuckerbergs, and the Buffetts of this world pay lower taxes than the teachers and secretaries."

https://www.businessinsider.com/american-billionaires-paid-less-taxes-than-working-class-wealth-gap-2019-10

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American billionaires paid less in taxes in 2018 than the working class (Original Post) orleans Oct 2019 OP
Clearly, that's always been the goal FiveGoodMen Oct 2019 #1
Actually, I think it's just FoxNewsSucks Oct 2019 #2
Effectively, it will be slavery FiveGoodMen Oct 2019 #3
True, FoxNewsSucks Oct 2019 #4

FoxNewsSucks

(10,375 posts)
2. Actually, I think it's just
Thu Oct 10, 2019, 02:11 PM
Oct 2019

another step along the way to the real goal - Zero taxes paid, and "subsidies" or "credits" paid from the treasury to the billionaires.

Just like corporations. Pay nothing, receive welfare.

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