Billionaires do pay taxes, but at a lower rate than typical working class and middle class families. This estimate, made in 2021, doesn't include the full effects of Trump's tax cuts for corporations and the rich which took effect in 2018.
In this analysis, we used publicly available data to estimate the average Federal individual income tax rate paid by America’s wealthiest 400 families, using a relatively comprehensive measure of their income that includes income from unsold stock. In our primary analysis, we estimated an average tax rate of 8.2 percent for the period 2010–2018. We also present sensitivity analyses that yield estimates in the 6–12 percent range.
From Whitehouse.gov.
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