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Last year, Zucman reported that although income taxes are progressive up to incomes of about $21 million, they reverse course and turn regressive after that, leaving billionaires with an effective tax of 8 percent.
Simplified Text
Income taxes are progressive up to $21 million then turn regressive leaving billionaires with an 8 percent effective tax rate
Confidence Score
0.800
Claim Maker
Zucman
Context Type
News Article
Context Details
{
    "amount": "$21 million",
    "person": "Zucman",
    "tax_rate": "8 percent"
}
UUID
9fdb4299-b26c-4b1a-910a-3ec29500b4f4
Vector Index
✗ No vector
Created
September 12, 2025 at 1:30 AM (1 day ago)
Last Updated
September 12, 2025 at 1:30 AM (1 day ago)

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Screenshot of https://newrepublic.com/article/196176/trump-billionaires-america-wealth-inequality
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1 day ago
https://newrepublic.com/article/196176/trump-billionaires-america-wealth-inequality

This analysis examines the shift in American wealth inequality from the Great Compression to the Great Divergence, highlighting the role of policy changes and corporate influence.

Wealth Inequality
Political Influence
Donald Trump
Billionaires
US Politics
Oligarchy
Economics
United States
Social Inequality
Financial Analysis

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