The math doesn’t add up. Billionaires watch their wealth grow by billions annually, yet many pay lower tax rates than middle-class workers. Some years, they pay nothing at all in federal income taxes. So I asked ChatGPT to explain how this actually works. The answer wasn’t about illegal tax evasion or secret offshore accounts. It’s simpler than that — and completely legal. The System Taxes Income, Not Wealth Here’s the foundation of everything: the U.S. tax code taxes income, not wealth. Billionaires d ...