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  2. How Much Do Musk, Buffett and Other Billionaires Pay in ... - AOL

    www.aol.com/much-musk-buffett-other-billionaires...

    The maximum amount of taxes an American can pay into Social Security in 2023 is $9,932.40 for the year. That’s how much billionaires, millionaires and anyone else earning about $160,200 in 2023 ...

  3. Billionaires vs Millionaires: Who Pays More in Taxes? - AOL

    www.aol.com/billionaires-vs-millionaires-pays...

    Still, billionaires have a higher net worth than millionaires. That doesn’t necessarily mean they pay a higher tax rate. But 15% of a $200 million stock sale will lead to significantly more ...

  4. Assessing Claims That U.S. Billionaires Get a Free Ride on Taxes

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    IRS data shows high earners pay more in income taxes than their share of earnings. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ...

  5. Buffett Rule - Wikipedia

    en.wikipedia.org/wiki/Buffett_Rule

    The Buffett Rule is part of a tax plan which would require millionaires and billionaires to pay the same tax rate as middle-class families and working people. [1] It was proposed by President Barack Obama in 2011. [2] The tax plan proposed would apply a minimum tax rate of 30 percent on individuals making more than one million dollars a year.

  6. Wealth of Elon Musk - Wikipedia

    en.wikipedia.org/wiki/Wealth_of_Elon_Musk

    Musk paid $455 million in taxes on $1.52 billion of income between 2014 and 2018. [10] According to ProPublica , Musk paid no federal income taxes in 2018. [ 11 ] He stated his 2021 tax bill was estimated at $12 billion based on his sale of $14 billion worth of Tesla stock.

  7. The big flaw in Biden’s billionaire tax proposal, according ...

    www.aol.com/finance/big-flaw-biden-billionaire...

    By contrast, the median American household earned $70,800 in 2021 and paid an average tax rate of 15%. Under Biden’s proposal, Musk’s tax bill would have totaled $3 billion for 2018 through ...

  8. The ‘Billionaire Tax Rate’ Is Not 8.2 Percent - AOL

    www.aol.com/news/billionaire-tax-rate-not-8...

    A viral claim relies on a misleading definition of income.

  9. Billionaires vs. the Middle Class: Who Pays More in Taxes? - AOL

    www.aol.com/billionaires-vs-middle-class-pays...

    But, according to the Tax Foundation, the top 1% of 1950s taxpayers only ended up giving up about 42% of their income in federal state and local government taxes, which means that the current tax ...