The Preamble

The Preamble

Would You Pay 3% in Taxes? Here's How Billionaires Do It

Sharon McMahon's avatar
Sharon McMahon
Mar 04, 2025
∙ Paid

Billionaires probably pay a lower tax rate than you do. Some even pay $0 in income taxes, despite their net worth increasing exponentially each year.

Last week, I fielded dozens of questions about how most of us pay so much of our paychecks in federal taxes, while the people who make the most pay tiny sums. So how exactly do billionaires walk away forkin…

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2026 Sharon McMahon · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture