> If three dudes got themselves an extra passport as opposed to one in 2019, the numbers start sounding far less impressive.
If those "dudes" are multi billionaires is still impressive.
If those "dudes" are multi billionaires is still impressive.
(I wish I was joking)
If joe “regulars” <$250k net worth are jumping ship, and needing to work their situation - not an army of lawyers/assistants - it’s much different than bill billionaire doing anything…
Majority of government income tax revenue comes from the 1%. If you count corporate taxation, same would hold true + a lot of influence.
It's the case for US, India, and a bunch more big countries.
1.) The change in requests is statistically significant when put in the context of the total number of such individuals
2.) Tax avoidance is the primary driver of this activity
3.) The individuals do not just acquire the passport, but actually move
High-Income Taxpayers Paid the Majority of Federal Income Taxes[1]
[1] https://taxfoundation.org/publications/latest-federal-income...
From your link it is ~40% - you copied the wrong number!
“The top 1 percent paid a greater share of individual [federal] income taxes (38.8 percent) than the bottom 90 percent combined (29.2 percent).”