The Oligarch Tax Bracket: How The Tax Rate For The Wealthiest 400 Americans Plunged From 27% To 17%…”bailing out and protecting the 0.01%, at the expense of everyone else.”

Thursday, December 31, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
12/30/2015

Operating largely out of public view – in tax court, through arcane legislative provisions and in private negotiations with the Internal Revenue Service – the wealthy have used their influence to steadily whittle away at the government’s ability to tax them. The effect has been to create a kind of private tax system, catering to only several thousand Americans. This is precisely what Obama will be remembered for by history, bailing out and protecting the 0.01%, at the expense of everyone else.

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