Quote:
Originally Posted by Torture
This is America and not Canada, and I doubt it's quite as extreme here, but allegedly the 400 wealthiest families in the US pay an average tax rate of about 8% vs 13% for the average American. But wait, it gets better, the 25 wealthiest paid only 3.4%
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Source?
That sounds unbelievable.
Probably defining richest families based on old money equity; so they're not paying much tax on it now; since its not current earnings/income.