Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax
Billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth, sometimes, nothing.
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Billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth, sometimes, nothing.
ProPublica has obtained a vast cache of the US's Internal Revenue Service information, which shows how the super-wealthy pay little in income tax compared to their massive wealth — sometimes, even nothing.
. In 2007, Jeff Bezos, then a multibillionaire and now the world’s richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, Tesla founder Elon Musk, the second-richest person in the world, also paid no federal income taxes. Michael Bloomberg managed to do the same in recent years. Billionaire investor Carl Icahn did it twice. George Soros paid no federal income tax three years in a row. ProPublica has obtained a vast trove of Internal Revenue Service data on the tax returns of thousands of the nation’s wealthiest people, covering more than 15 ...
Subscribe In 2007, Jeff Bezos, then a multibillionaire and now the world's richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, Tesla founder Elon Musk, the second-richest person in the world, also paid no federal income taxes. Michael Bloomberg managed to do the same in recent years. Billionaire investor Carl Icahn did it twice. George Soros paid no federal income tax three years in a row. Subscribe ProPublica has obtained a vast trove of Internal Revenue Service data on the tax returns of thousands of the nation's wealthiest people, covering...
ProPublica has revealed how the wealthiest avoid income tax -- ad Jeff Bezos, Warren Buffett, and Elon Musk are just a few in their focus.