MSNBC The Last Word With Lawrence ODonnell June 9, 2021 02:46:00
Those 25 people saw their worth rise a collective $401 billion, from 2014 to 2018. they paid a total of $13.6 billion in federal income taxes in those five years, the irs data shows. that's a staggering sum, but it amounts to a true tax rate of only 3.4%. and many of them have paid much less than 3.4% in some years. propublica's analysis continues, quote, by the end of 2018, the 25 were worth $1.1 trillion. for comparison, it would take 14 14.3 million ordinary merge wage earners put together to equal that same amount of wealth. the personal federal tax bill for the top 25 in 2018, $1.9 billio...