American billionaires paid less in taxes in 2018 than the working class, analysis shows — and it's another sign that one of the biggest problems in the US is only getting worse

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In 2018, billionaires paid 23% of their income in federal, state, and local taxes, down from 50% in 1980, according to Saez and Zucman.

In 2018, billionaires paid 23% of their income in federal, state, and local taxes, while the average American paid 28%. That's 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." Between 1950 and 1980, billionaires paid more than 50% of their income in taxes each year, according to Saez and Zucman. Saez and Zucman, who also serve as advisors to Sen.

In 2018, billionaires paid 23% of their income in federal, state, and local taxes, while the average American paid 28%. That's 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." Between 1950 and 1980, billionaires paid more than 50% of their income in taxes each year, according to Saez and Zucman. Saez and Zucman, who also serve as advisors to Sen.

 

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This is how Warren Buffet gets richer, not because he is smarter or more hardworking. In fact, he produces zero value.

they want guillotines.

I don't have a problem with that. Have they broken any laws? No. Next story.

Using Warren Buffet in this picture is a wild move considering he has donated the equivalent Thirty-Six Billion dollars to charity in his lifetime

No shit!

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