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Why billionaires' tax rates are lower than yours

Cheapism Logo By April Neale of Cheapism | Slide 1 of 15: Make no mistake: Taxation in the United States is an uneven playing field. And recent changes in American tax law have tilted it even further toward wealthy taxpayers. Many billionaires famously pay less in taxes as a percentage of their income than middle-class people. (President Donald Trump, whose net worth is estimated to be around $2 billion, is reported to have paid nothing in many recent tax years and as little as $750 when he did pay.) While only the rich can skate by the taxman in some respects, a few of their moves can also help the average working stiff. Related: 27 Big Celebrities Who've Had Tax Trouble

'The Rich Are Different from You and Me'

Make no mistake: Taxation in the United States is an uneven playing field. And recent changes in American tax law have tilted it even further toward wealthy taxpayers. Many billionaires famously pay less in taxes as a percentage of their income than middle-class people. (President Donald Trump, whose net worth is estimated to be around $2 billion, is reported to have paid nothing in many recent tax years and as little as $750 when he did pay.) While only the rich can skate by the taxman in some respects, a few of their moves can also help the average working stiff. 

Related: 27 Big Celebrities Who've Had Tax Trouble

© Evan El-Amin/shutterstock

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