Billionaires Pay Less Tax?! The Truth Revealed ⎜ Ep. 1344
In this episode, we discuss whether billionaires really do pay less tax than the rest of us. This comes from a recent report from the IRD that suggested that the average high-net-worth individual pays less than 9% in tax. Whereas a person earning $80,000 would pay 22% in income tax. We discuss how the IRD came to this conclusion and whether their conclusions are sound. Ultimately, this helps you better understand and interpret the media headlines.