Billionaires Officially Paying Lower Tax Rate Than Working People

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Published on ● Video Link: https://www.youtube.com/watch?v=N8qXs69svWM


Duration: 7:52
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The U.S. tax system is supposed to be progressive, meaning that wealthier households pay a larger share of their income to the taxman than the middle class and the poor. Yet after the Tax Cuts and Jobs Act of 2017, that's no longer the case: For the first time in a century, America's 400 richest families now pay lower taxes than people in the middle class...

Read More At:
https://www.cbsnews.com/news/americas-richest-400-families-pay-a-lower-tax-rate-than-the-middle-class/

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Tags:
news
politics
election
2020
rich
wealthy
income
inequality
plutocracy
oligarchy
corruption
millionaire
billionaire
kyle kulinski show
kyle kulinski