Richest 25 Americans have a "true tax rate"of almost nothing: Report

Posted on AllSides June 8th, 2021
From The Left

The U.S. tax system is designed to be progressive, meaning that the wealthiest citizens pay a greater share of their income than the less fortunate. But a new ProPublica analysis of tax data on some of the nation's richest Americans comes to the conclusion that the richest 25 people in the U.S. have a "true tax rate" of almost nothing. 

The study, published Tuesday, relies on a "vast trove" of IRS data that was given to the news service without "conditions or conclusions." ProPublica said that it would not disclose the source...

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https://www.cbsnews.com/news/income-tax-wealthy-bezos-buffett/

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