Close © Copyright 2019. All rights reserved.

The Post: Billionaires paid a lower tax rate than the working class for the first time in history

By Christopher Ingraham • October 8 at 5:01 PM

A new book-length study on the tax burden of the ultrarich begins with a startling finding: In 2018, for the first time in history, America’s richest billionaires paid a lower effective tax rate than the working class. The analysis, which was the subject of a column Monday in the New York Times, is also notable for the detailed breakdown of the tax burden of not just the top 1 percent but also the top 0.1 percent, the top 0.01 percent and the 400 richest households.

Read full story