What did Theresa Heinz Kerry pay, according to the last financial disclosure- $60,000 or maybe $80,000 iirc.
The very wealthy move cash overseas or into tax-free muni bonds.
It will take quite a few Lovey’s taxes to add up to a trilion.
Good point....which is why tax should be based on net worth. I pay no taxes at all on my muni bonds income. Rich people have 1000 times more such channels available than me.