Paul Kiel, Ash Ngu, Jesse Eisinger and Jeff Ernsthausen have published their article, “America’s Highest Earners and Their Taxes Revealed”. The abstract is as follows:
Which people and professions rake in the most income year after year? Which are most adept at shielding that money from the taxman? And what does this tell you about America?
The top earners, of course, are often fodder for lists — but those are usually based on estimates or even speculation.
A trove of IRS data obtained by ProPublica has the definitive answers, revealing the incomes and tax rates of the 400 Americans with the highest incomes from 2013 to 2018. It took an average of $110 million per year in income to crack that list — with plenty of names you would expect and some that may surprise you.
We’ll also show how much the 400 paid in federal income taxes. (ProPublica is naming the 15 highest income earners, along with an assortment that represent income patterns that we’ve identified.)
To view the full article, click: “America’s Highest Earners and Their Taxes Revealed”
Posted by Marin Larkin, Associate Editor, Wealth Strategies Journal.
Wealth Strategies Journal 