Billionaires Now Pay Less In Taxes Than You: Study Reveals Ultra-Wealthy Enjoy 24% Rate Thanks To Trump's 2017 GOP Cuts

The effective tax rate for America's wealthiest 0.0002% — roughly the billionaires on the Forbes 400 list — fell from 30% to 2% after the 2017 GOP tax overhaul, according to a new study from the National Bureau of Economic Research.

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