How the wealthiest Americans get away with paying no tax | Curio

How the wealthiest Americans get away with paying no tax

5 mins | Jun 19, 2021

The former managing director of BlackRock hits out at the elite. The richest Americans can accumulate vast fortunes yet only pay levies when they decide to cash out. Morris Pearl argues that the disparity between the ultra-wealthy and the average US citizen isn’t about loopholes. Instead, it’s a problem at the core of the US’s tax code.

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From Financial Times

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