• Wealthy Americans have gotten so rich they pay one-sixth the rate of taxes as their 1953 counterparts, study says

    13 days ago - By Business Insider

    Ben Sklar / Stringer/Getty Images
    An Institute for Policy Studies paper looks at the rate of taxes on the richest Americans.
    From 1953 to 2018, the rate of taxation as a percentage of wealth on the top 0.01% has fallen 83%.
    The authors say that means the concentration of wealth has become "unavoidable."
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    A new study finds that the top 0.01% of Americans have seen their rate of taxation fall dramatically over the past 50 years. According to the paper from the Institute for Policy Studies , from 1953 to 2018 the rate of taxation on the...
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