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AMY GOODMAN: A major leak of IRS tax filing has revealed new details about how U.S. billionaires pay little in income tax compared to their massive wealth â sometimes even nothing. ProPublica obtained the private tax records of some of the nation’s wealthiest billionaires, and the findings are stunning. Between 2014 and 2018, the wealthiest 25 Americans saw their collective wealth jump by $400 billion, but they paid just over $13 billion in federal income taxes â that’s just 3.4% of their wealth increase.
Warren Buffett paid a true tax rate of just 0.1% on income taxes during that period, while seeing his wealth grow by $24 billion. Jeff Bezos, the world’s wealthiest man, paid no federal income taxes in 2007 or 2011. Elon Musk, the second-richest person in the world, paid no federal income taxes in 2018. George Soros paid no federal income tax for three years in a row. And former New York City Mayor Micha
Elon Musk, Jeff Bezos and other billionaires avoid U.S. income taxes, report says Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
Amazon Chairman Jeff Bezos paid no income tax in 2007 and 2011, according to a ProPublica report. | AFP-JIJI
AFP-JIJI Jun 9, 2021
New York – Several of the richest Americans have paid zero income tax in some years, according to an investigative report published Tuesday that comes as Washington weighs new proposals to address tax avoidance by the wealthiest individuals and companies.
The bombshell report, by New York-based journalism nonprofit ProPublica, showed Amazon Chairman Jeff Bezos paid no income tax in 2007 and 2011, while Tesla chief Elon Musk avoided all payments in 2018.
OpenSchoolsCA forms a nonprofit to attack safe school opening. Its members have significant ties to charter schools. They and similar groups are highlighted by the media in their attempt to use the pandemic to further restructure social relations and privatize public education.
Attorney Robert Stephan Cohen has built a lucrative practice representing celebrities and billionaires. The comedian retained him for his bitter 2016 divorce.