answersLogoWhite

0

How much tax does a billionaire pay?

Updated: 9/19/2023
User Avatar

Wiki User

13y ago

Best Answer

Plenty! You don't "pay tax" or "not pay tax" just because you're a "Billionaire"

You are libel for tax on money you earned in a given year. If you purchase a new Jet aircraft worth $2.500,000, you will pay a% for sales tax. (i.e. 5% is $125,000).

Let's say you put this money in a bank and let it draw interest at 6%; that's about $6,000,000. earned income; the US Gov't expects 52% a little over $3,500,000.

Still thing the rich don't pay their share????? and think again.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How much tax does a billionaire pay?
Write your answer...
Submit
Still have questions?
magnify glass
imp