How many times have we heard that the rich need to "pay their fair share" in taxes? Probably too many to count. This is a huge topic in American business and politics, and the pot was stirred with an article from ProPublica that came out this week. It was very detailed and made the point that billionaires don't pay enough in taxes relative to their wealth growth. I don't think they pay enough in taxes, but it's not for the same reason that ProPublica's writers suggest. Today we will discuss:

1. The amount some notable billionaires pay in taxes relative to their wealth growth and income reported

2. How billionaires "should" be taxed

3. How the U.S. tax system works for wealth accumulation

4. What we can do to limit taxes

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