A recent study found that the wealthiest 0.01% – those with more than $45 million in net wealth – evade 25% of all taxes they owe, compared to an average evasion across all income brackets of 2.8%.44 This may sound like data from a notoriously unequal country like the US, but these data are in fact from Scandinavia. In the US, researchers found tha

The progressive design of the federal income tax is offset by the regressive nature of other taxes, including the fact that wealth (in the form of capital gains) is taxed at a lower rate than wages. When all taxes are accounted for, we’re all effectively taxed at the same rate. On average, poor and middle-class Americans dedicate approximately 25 p