Researchtax policywealth inequalitypublic economics
Billionaires Pay Lower Effective Tax Rates
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A UC Berkeley study by Akcan Balkir, Emmanuel Saez, Danny Yagan, and Gabriel Zucman finds America's 400 richest residents paid an average effective tax rate of 23.8% from 2018–2020, well below the Joint Committee on Taxation's 34% estimate. They report deductions, pass-through rules, and depreciation produced paper losses that reduced taxable income, and link the decline partly to the 2017 Tax Cuts and Jobs Act and 2024 extensions under Trump.
Scoring Rationale
Strong, novel empirical findings from reputable economists, but relevance is policy-focused rather than central to AI/ML or data-science.
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