Pitchfork Economics with Nick Hanauer cover image

How rich people dodge taxes (with Gabriel Zucman)

Pitchfork Economics with Nick Hanauer

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The Importance of Taxing Rich People

The average top individual income tax rate has fallen insanely over the last 40 years. The total wealth of the top 400 wealthiest families in America is $2.5 trillion. But annual charitable giving by the top 400 is only about $10 billion. That's 0.4% of our wealth annually.

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