Image via Drew Angerer / Getty Images
A June 8, 2021, investigative report by the nonprofit news outlet ProPublica revealed what many probably already knew but couldn’t quantify in detail: The nation’s wealthiest people pay negligible taxes, leaving modest wage earners footing the heftiest tax bills.
The report was based on 15 years of records obtained by ProPublica detailing taxes paid by the likes of Elon Musk, Jeff Bezos, Mark Zuckerberg, Warren Buffet, Carl Icahn, and more.
For example, Tesla founder Musk, who is the second richest person in the world, paid no federal income taxes in 2018, according to ProPublica. The same went for Amazon founder Bezos in 2007. Bezos is the world’s richest person.
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