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Emeritus Prof Christopher May
Emeritus Prof Christopher May
@ChrisMayLA6@zirk.us  ·  activity timestamp 4 days ago

If you want to know how little income tax billionaires are paying look at the disparity between the actual tax paid & the tax take from the posited 2% billionaires tax in the 2024 Global Tax Evasion Report.

Note: for billionaires, interestingly actually the USA is a relatively high tax country for the ultra rich (relative to others, not in absolute terms).

A globalised wealth tax however will be difficult to engineer (especially right now).

#tax #inequality

report:
https://www.taxobservatory.eu/www-site/uploads/2023/10/global_tax_evasion_report_24.pdf

Machine readable version of this chart is available as table 2, p.13 of the report - web-link in main post
Machine readable version of this chart is available as table 2, p.13 of the report - web-link in main post
Machine readable version of this chart is available as table 2, p.13 of the report - web-link in main post
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