Rich-People-Friendly Think Tank Confirms Richest Pay Under One Percent In Annual Taxes
The Washington, D.C.-based Tax Foundation has long functioned as an apologist for America’s deepest pockets. Analysts at the Foundation have spent years assuring us that our wealthiest are paying far more than their fair tax share — in the face of a reality that has our richest aggressively growing their share of the wealth all Americans are creating.
This past August, the Biden administration’s Treasury Department commissioned a new study that documented just how little of their wealth America’s richest are actually paying in taxes. Last month, the Tax Foundation responded with a predictable critique.