Wealthiest Americans pay just 3.4% of income in taxes, investigation reveals | US income inequality | The Guardian

Michael Bloomberg, who earned an average of $2.05bn a year from 2013 to 2018, had 66% of his income deducted, giving him one of the lowest tax rates – 4.1%.

Between 2014 and 2018, the 25 wealthiest Americans collectively earned $401bn, but paid just $13.6bn – about 3.4% of that – in taxes, according to a bombshell ProPublica investigation into the finances of the wealthiest Americans released on Wednesday.

Source: Wealthiest Americans pay just 3.4% of income in taxes, investigation reveals | US income inequality | The Guardian