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Recent academic work finds U.S. billionaires pay far lower effective tax rates than most Americans: the NBER/Saez–Yagan–Zucman paper and related Berkeley coverage report that the 400 wealthiest Americ...
The enacted in 2025–26 produced measurable revenue gains for the federal government but generated clear economic costs that fell largely on American consumers and businesses, with growing evidence tha...
Before the Tax Cuts and Jobs Act () enacted in December 2017, the federal estate tax exemption for an individual was roughly $5.49 million (adjusted for inflation) — a threshold established under prio...
Progressive taxes—higher rates or special levies on top incomes, capital or wealth—reduce post-tax wealth concentration and can slow top-end wealth accumulation: modeling suggests a 3% annual wealth t...