Do Billionaires Pay Taxes?

Laurent Bach (), Antoine Bozio, Arthur Guillouzouic and Clément Malgouyres
Additional contact information
Laurent Bach: ESSEC Business School
Clément Malgouyres: IPP - Institut des politiques publiques, CREST - Centre de Recherche en Économie et Statistique - ENSAI - Ecole Nationale de la Statistique et de l'Analyse de l'Information [Bruz] - Groupe ENSAE-ENSAI - Groupe des Écoles Nationales d'Économie et Statistique - X - École polytechnique - IP Paris - Institut Polytechnique de Paris - ENSAE Paris - École Nationale de la Statistique et de l'Administration Économique - Groupe ENSAE-ENSAI - Groupe des Écoles Nationales d'Économie et Statistique - IP Paris - Institut Polytechnique de Paris - CNRS - Centre National de la Recherche Scientifique

Institut des Politiques Publiques from HAL

Abstract: We link French households' tax records to the corporations they control, and build a payout-policy–neutral income measure, with corresponding tax burdens including those of "billionaires": the top 0.0002%. De- fined as such, income is more concentrated than taxable income, it better predicts rich-list membership, and persists more among billionaires. Personal taxes remain progressive until the top 0.1%, but eventually decline to 2% of income. Corporate taxes are an imperfect progressive backstop, as total tax rates fall from 45% at the 0.1% threshold to 25% for billionaires. Among these, the tax burden is global and tax-efficient pyramidal control over businesses ubiquitous.

Keywords: Corporate tax; Business Income; Tax progressivity; Income distribution (search for similar items in EconPapers)
Date: 2025-09
New Economics Papers: this item is included in nep-bec, nep-pbe and nep-pub
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Related works:
Working Paper: Do Billionaires Pay Taxes? (2025)
Working Paper: Do Billionaires Pay Taxes? (2025)
Working Paper: Do Billionaires Pay Taxes? (2025)
Working Paper: Do Billionaires Pay Taxes? (2025)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:ipppap:hal-05423119

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