While the average American family relies on a taxed salary and faces annual brackets climbing as high as 37 per cent, the nation's wealthiest individuals have mastered a sophisticated financial architecture that keeps their effective tax burden remarkably low.
Recent research published by the National Bureau of Economic Research, spearheaded by economists at the University of California, Berkeley, reveals that the top 400 wealthiest Americans paid an average effective tax rate of approximately 24 per cent between 2018 and 2020.
