Today 11:25 am
Not really. /////////------A wealthy person heavily reliant on a corporate salary might pay an effective rate as high as 45%, while billionaires who build wealth through assets can see their "true" tax rate drop to under 5% to 8%/////Vegas » 5 minutes ago » wrote: ↑ She may have been mixing up the person with the company. His question wasn't how much taxes the 1% of the 1% pay in taxes. He asked how much they pay in federal taxes. Amazon, Walmart, Apple, and many other fortune 500 companies are notorious for paying $0.00 in federal taxes. However, they personally pay 40% -50%.