Tax Day Reminder: Richest Americans Probably Pay at a Lower Rate than You Do

By: Friday April 15, 2011 2:16 pm

Thanks to many loopholes in our tax code–the carried interest loophole being the most important–the richest people in American are likely paying a lower tax rate than you are. From Businessweek: For the 400 U.S. taxpayers with the highest adjusted gross income, the effective federal income tax rate—what they actually pay—fell from almost 30 percent [...]

Senate Dems Fight to Keep Taxes Low on Wall Street Millionaires

By: Wednesday June 9, 2010 10:12 am

Senate Dems come to the aid of Wall Street millionaires, backing down on a House plan to increase how much of the hedge-funders’ income will be taxed at standard rates, not the more generous capital-gains rate.

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