America's richest 400 families now pay a lower tax rate than the middle class
CBS MoneyWatch reports on Emmanuel Saez and Gabriel Zucman's analysis showing that, counting all federal, state and local taxes, the 400 wealthiest US families paid a total effective rate of about 23% in 2018 — below the 24.2% paid by the bottom half of households — the first time the richest paid a lower overall rate than the working class.
By Aimee Picchi