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GOBankingRates

Laura Beck

I Asked ChatGPT How Much the Top 1% Would Pay If Taxed at the Same Effective Rate as the Lower 75%

ChatGPT Income Tax IRS

Vladimir Vladimirov / Getty Images

The question sounds simple enough: What would happen if the wealthiest Americans paid taxes at the same rate as everyone else? But when you actually run the numbers, the answer gets complicated fast.

Learn More: I Asked ChatGPT What Would Happen If Billionaires Paid Taxes at the Same Rate as the Average Hawaii Resident

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One subscription that gives you access to news from hundreds of sites

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Iranian fishermen hunt for iPhones and perfumes after cargo ship sinks in Hormuz

Iranian fishermen hunt for iPhones and perfumes after cargo ship sinks in Hormuz

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