G20 prioritizes fair taxation as wealth inequality highlights tax disparities in America

Tax Day underscored America's growing wealth inequality as the super-rich contribute less tax than average citizens. In 2023, it was reported that the 400 richest Americans pay only about 24% of their income in taxes, down from 50% in the 1960s. The G20 has now prioritized fair taxation of ultra-wealthy individuals to address this imbalance.

Summary by Glance · The Guardian Australia