To dig into the question, ChatGPT was asked what might happen if the middle class paid taxes at the same effective rate as ...

The 2017 Tax Cuts and Jobs Act (TCJA) introduced Section 199A. This provision, scheduled to expire next year, provides owners of “pass-through” businesses a 20 percent deduction for qualified business ...

The total effective tax rate for the 400 wealthiest Americans was lower than the general population, according to a new study. The study, from UC Berkeley economists Akcan Balkir, Emmanuel Saez, Danny ...

Total effective tax rates for the 400 wealthiest Americans have declined sharply in recent years, and they now pay a smaller percentage of their true income in taxes than the average American, ...

The study, authored by University of California economists Emmanuel Saez and Gabriel Zucman, found the 2017 Tax Cuts and Jobs Act was a turning point. "The tax rate of the top 400 fell significantly ...

Corporate tax rate changes, like the 2017 TCJA, significantly boosted corporate earnings, especially for small-cap companies reliant on domestic revenue. Sectors such as Communication Services and ...

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The effective tax rate for the wealthiest 0.0002 percent of Americans — a group that corresponds roughly to the billionaires on the famous Forbes 400 list — fell from 30 percent to 24 percent after ...