Tag: rich people
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How The Super Rich Avoid Paying Taxes
The U.S. economic system offers no shortage of loopholes allowing the ultra-rich to shortchange Uncle Sam. Tax rates for those making >$1 million level out at 24%, then declines for those making >$1.5 million. Those making $10 million a year pay an average income tax rate of 19%. $70-$100 billion is the estimated tax revenue…
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Infographic: How the Forbes 400 Richest Americans Got Rich
NerdWallet’s Forbes 400 infographic breaks down the numbers behind the Forbes 400 Richest Americans to find out which industries are the most prominently represented by the superrich. It breaks down the data provided in the Forbes 400: The Richest People in America list of billionaires and shows how, of the 400 richest Americans, just over…