Indivs馃毃who make up the Forbes 400 list, topped by Musk *$244B: paid an aver effective tax rate of 24% from 2018-20 -comp with a 30% rate for all other taxpayers.
Research comes as Trump's BBB, delivers its largest benefits to the highest-earning Americans thru new & extended tax breaks -incl raising: est-tax exempt to $15M/person, up from ~$14M.
Saez & Zucman are leading proponents of instituting a US #WealthTax to help address widening #inequality.
#TaxTheRich#USPolhttps://www.cbsnews.com/news/income-taxes-billionaire-tax-rate-irs/