Billionaires pay 3.4% in taxes — you pay way more

Plus, the G7 agrees on a global minimum tax rate

Jun 14, 2021 | Editorial | Taxes | Business | The economy
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ProPublica spills the tax tea

Last week, ProPublica released a report exposing just how little America’s wealthiest pay in taxes. The exposé is a BFD, in part because leaking tax returns is a federal crime, but ProPublica is staying mum on its source. Many have long suspected the 1% uses skillful filing to minimize their tax bills...

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