The ‘funny math’ of top U.S. tax rates
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The ‘funny math’ of top U.S. tax rates
The current reconciliation bill now before Congress won’t correct for the low tax rates paid by the richest Americans Overview Calculating the effective tax rate of the richest Americans can be complicated, but it is critical for ensuring tax policy debates—such as the one currently raging in the U.S. Congress about massive new tax cuts that likely will favor the well-off—are well-informed. This complexity was exemplified during a 2024 Senate Fi…
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