Many uber-rich pay next to no income tax
ProPublica report finds Bezos, Musk, Soros paid zero in certain years By PAUL WISEMAN and MARCY GORDON, Associated Press
Published: June 9, 2021, 6:00am
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WASHINGTON The rich really are different from you and me: They’re better at dodging the tax collector.
Amazon founder Jeff Bezos paid no income tax in 2007 and 2011. Tesla founder Elon Musk’s income tax bill was zero in 2018. And financier George Soros went three straight years without paying federal income tax, according to a report Tuesday from the nonprofit investigative journalism organization ProPublica.
Overall, the richest 25 Americans pay less in tax an average of 15.8 percent of adjusted gross income than many ordinary workers do, once you include taxes for Social Security and Medicare, ProPublica found. Its findings are likely to heighten a national debate over the vast and widening inequality between the very wealthiest Amer
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Keystone pipeline canceled after Biden’s block of permit
Canadian officials failed to persuade the Biden administration to reverse its cancellation of the company s permit.
By MATTHEW BROWNAssociated Press
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Pipes that were to be used for the Keystone XL pipeline are stored in a field near Dorchester, Neb., last December.
Chris Machian /Omaha World-Herald via AP
BILLINGS, Mont. The sponsor of the Keystone XL crude oil pipeline said Wednesday it is pulling the plug on the contentious project after Canadian officials failed to persuade President Biden to reverse his cancellation of its permit on the day he took office.
Keystone XL pipeline nixed after Biden stands firm on permit
MATTHEW BROWN, Associated Press
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1of5FILE - In this Dec. 18, 2020, file photo, pipes to be used for the Keystone XL pipeline are stored in a field near Dorchester, Neb. Calgary-based TC Energy, sponsor of the Keystone XL crude oil pipeline, said Wednesday, June 9, 2021, that it was pulling the plug on the contentious project after Canadian officials failed to convince President Joe Biden to reverse its cancellation of its permit on the day he took office. (Chris Machian/Omaha World-Herald via AP, FIle))Chris Machian/APShow MoreShow Less
2of5FILE - In this Dec. 18, 2020, file photo, pipes to be used for the Keystone XL pipeline are stored in a field near Dorchester, Neb. Calgary-based TC Energy, sponsor of the Keystone XL crude oil pipeline, said Wednesday, June 9, 2021, that it was pulling the plug on the contentious project after Canadian officials failed to convince President Joe Bi