The wealthiest Americans pay a relatively low tax rate due to a preferential treatment of their investment income, according to a report published Thursday.
The rich can also escape tax on an asset's appreciated value by not selling it. They can pass investments to heirs with a so-called "step up in basis." That means heirs, if they sell the asset, wouldn't pay taxes on gains that accrued over the original owner's lifetime.
However, authors' estimated 8.2% tax rate may not be exact due to "imperfect" data and methods, according to the report. The rate could be as low as 6% and as high as 12%, they said.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Erdogan: Turkey could buy more Russian S-400 missilesAnkara would consider buying another Russian missile system as per its defence needs, says Turkey’s President Erdogan in an interview with American broadcaster CBS News
Leer más »
Help! My Spoiled Half-Sister Is Demanding I Fund Her Gap Year in Bali.I’ve paid for other family members’ college expenses; now she wants “her” share.
Leer más »
Pfizer CEO says low-income nations will receive 1Bn COVID vaccine doses by year's end500 million vaccine doses of the two billion that Pfizer has produced have already been delivered to countries with lower vaccination rates.
Leer más »
PHOTOS: Gabby Petito case - packed crowd pays tribute to 'America's daughter'Friends, family and others touched by Gabby Petito's life and loss gather to remember her Sunday in Holbrook, New York.
Leer más »
Lara Spencer shares never-before-seen family photos as she makes emotional return to GMAGood Morning America's Lara Spencer opened up her family photo album to share never-before-seen photos as she made an emotional return to work
Leer más »