The nation’s 400 wealthiest households paid an average effective tax rate of just 24% between 2018 and 2020, compared to 30% for the overall population and 45% for top wage earners, due to Trump’s 2017 Tax Cuts and Jobs Act.
The nation’s 400 wealthiest households paid an average effective tax rate of just 24% between 2018 and 2020, compared to 30% for the overall population and 45% for top wage earners, due to Trump’s 2017 Tax Cuts and Jobs Act.
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