Research report Income and Taxes of the Very Rich
Roberton C. Williams
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Roberton Williams compares the adjusted gross incomes of the top 400 with the incomes of all other taxpayers with income over $1 million and finds that because they realize more capital gains, the top 400 tend to have lower effective income tax rates than other very high-income taxpayers.
Primary topic Individual Taxes
Research Area Economic effects of tax policy High-income households