According to a new report from ProPublica, the wealthiest US taxpayers pay an true tax rate that is far below that of a normal worker.
Perhaps most concerning is that the ways the wealthy avoid paying taxes are legal under current rules. This is another example of our economy working in favor of those at the very top, not everyday people. We need to tax income from wealth like income from work is. Imagine what the additional revenue from taxing wealth could do in the communities that made that wealth possible.
Explore the statement from Responsible Wealth (one of our core projects here at United for a Fair Economy) on the stunning new report below: