Report from the World’s Leading Plutocracy
Big corporations and superrich donors fund politicians who reciprocate by enacting tax laws that please big corporations and superrich donors. What’s the result? White House statement: “We estimate that the 400 wealthiest families paid an average Federal individual income tax rate of 8.2 percent on $1.8 trillion of income over the period 2010–2018.” You don’t have to be an egalitarian to grasp that the superrich get away with paying a puny amount in taxes. From the perspective of anyone concerned for the common good, they should be paying a lot more.