#wealthy
IG _michelay_
IG _michelay_
Don’t mind me. I’m manifesting. Shit is real here and I’m just opening my hands to receive it.
Oh, you go ahead and claim it too. We can get money together, boo.
Reblog and be blessed!
America’s Highest Earners And Their Taxes Revealed
Taxing business incomes: Evidence from the Survey of Consumer Finances
“More than half of economic income generated by closely held businesses does not appear on tax returns and that ratio has declined significantly over the past 25 years.”
The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax
“From 2014 to 2018, the 25 wealthiest Americans grew about $400 billion richer, according to Forbes. To an economist, this was income, but under tax law, it was mere vapor, irrelevant. And so this group, including the likes of Bezos, Elon Musk and Warren Buffett, paid federal income taxes of about 3.4% on the $400 billion.”
“On average, the rate of income tax that people pay climbs as incomes ascend into the top 1%, but when you get to the range of $2M-$5M, that trend stops.
After that, average tax rates actually drop the further up in income you go.”