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billionaires, they have most of their money in stocks, and the tax rate on capital gains income, you only pay it when you sell. and if you pass it to your children, you never pay it. and the rate is lower. so all of those things mean that those vast fortunes largely go with very low tax rates. the biden administration proposed to try to go at that by eliminating some of those loopholes. but so far in congress the debate is kind of going away, going in the opposite direction, of more to the very rich rather than the super mega ultimately rich. okay. so we ve gone over some of the main points of this tax plan. but deeper in it, as yahoo! finance points out, here is something.

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