Rates versus dollars, people keep confusing them. ProPublica's 2021 IRS investigation showed the richest Americans pay shockingly low effective rates, and that's a real scandal. But the same reporting showed the 25 richest paid about $13.6 billion in actual taxes over five years. The Secret IRS Files. Thirteen point six billion dollars isn't nothing. It funds aircraft carriers, cancer research, food stamps. The correct fight is closing the loopholes that lower their rates, not pretending their contributions are zero. Confiscate the fortunes and that revenue stream dies with them.
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