A strategy of owning these stocks has outperformed the market on average for several decades, according to Bank of America.
In 2018, billionaires paid 23% of their income in federal, state, and local taxes, down from 50% in 1980, according to Saez and Zucman.
Senator Elizabeth Warren's tax plan requires billionaires to pay a small percentage of their net worth on an annual basis.
These cities had the highest numbers of tax audits. See whether your city is on the list, plus the statewide audit rate, median household income, and poverty rate.
