Results: 400 Richest U.S. Families Paid Lower Tax Rate Than Working Class, Study Finds!
Published on 10/13/2019
President Donald Trump's tax cuts for corporations and the rich accelerated inequality, two Berkeley economists write in a forthcoming book. The wealthiest 400 families paid an average effective tax rate of 23% last year ― the second year of President Donald Trump’s new tax law ― while the bottom half of all American households paid an average rate of 24.2%, according to the study.
The superwealthy paid a lower rate than any other income group, according to an analysis in the new book “The Triumph of Injustice,” by economists Emmanuel Saez and Gabriel Zucman of the University of California at Berkeley.
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1.
1.
Do you feel that rich people actually pay less tax?
Yes
64%
1909 votes
No
17%
501 votes
Undecided
19%
559 votes
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2.
Do you think that President Donald Trump give tax exemptions to rich people because they fund his election campaign? Yes
54%
1616 votes
No
23%
684 votes
Undecided
23%
669 votes
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3.
Do you think that President Donald Trump gives tax exemption to rich people because the economy of the nation is depended on them? Yes
28%
841 votes
No
42%
1250 votes
Undecided
30%
878 votes
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4.
Do you think it is fair that rich people pay less tax than working class, if the economy of the country depends largely on them? Yes
16%
480 votes
No
65%
1944 votes
Undecided
18%
545 votes
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