In 2018, billionaires paid 23% of their income in federal, state, and local taxes, down from 50% in 1980, according to Saez and Zucman.
In 2018, billionaires paid 23% of their income in federal, state, and local taxes, while the average American paid 28%. That's according to an analysis of tax data by The University of California at Berkeley's Emmanuel Saez and Gabriel Zucman for their upcoming book"The Triumph of Injustice." Between 1950 and 1980, billionaires paid more than 50% of their income in taxes each year, according to Saez and Zucman. Saez and Zucman, who also serve as advisors to Sen.
In 2018, billionaires paid 23% of their income in federal, state, and local taxes, while the average American paid 28%. That's according to an analysis of tax data by The University of California at Berkeley's Emmanuel Saez and Gabriel Zucman for their upcoming book"The Triumph of Injustice." Between 1950 and 1980, billionaires paid more than 50% of their income in taxes each year, according to Saez and Zucman. Saez and Zucman, who also serve as advisors to Sen.
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