Most Americans have probably figured out that corporations enjoy tax code benefits that work in these companies’ favor. Through strategies like deductions, depreciation and creative accounting, many large companies pay a lower effective tax rate than the average American family. Meanwhile, the middle class often feels squeezed, and sometimes resentful, watching billionaires and businesses benefit from loopholes they can’t access.
Learn More: I Asked ChatGPT What Would Happen If Billionaires Paid Taxes at the Same Rate as the Middle Class
