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. I know you think you know how much a billion dollars is, but you just can’t conceptualize it. If you made $500/hour, and worked 40 hours a week, it would take you a cool 961 years to make a billion. Jeff Bezos has 187 times that. They skip on millions in Chihuahua Wings Of Freedom Ameican Flag Shirt it appear that their production and operational costs are equal to sales, basically making it appear that they made next to nothing. When you own an overseas company that produces your components then you can “sell” those components to yourself for inflated prices. Shell companies and offshore accounts go a long way in tax evasion. The top marginal tax rate for most of the 50s was 91%. However, the top 1% of taxpayers paid an average effective tax rate of 42%.

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Today the top 1% of taxpayers pay an average effective tax rate of 36.4%. It is worth noting that, per the Piketty, Saez, and Zucman data, the tax rates of the top 0.1 and 0.01 percent of taxpayers have dropped substantially since the 1950s. The Chihuahua Wings Of Freedom Ameican Flag Shirt-income Americans was 50.6 percent. In the 1950s, compared to 39.8 percent today. The average tax rate on the top 0.01 percent was 55.3 percent . In the 1950s, compared to 40.8 percent today. And the counter to that is, are you aware of how little was paid in taxes in. Those top brackets because of things like oil leases, temp corps and people having large sums paid out in annuities? Everyone keeps wanting to reference those tax rates but don’t understand that no one paid them. Wow there is a lot of people who.

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