US to investigate leaked report showing billionaires paid little or no tax for years
ProPublica cache of IRS information reveals how several of the worlds wealthiest businessmen, including Jeff Bezos, Elon Musk and Warren Buffett, avoided taxes
08 June 2021 - 20:30
Several of the world’s most prominent billionaires paid minimal to no federal income tax in some years, ProPublica reported on Tuesday, citing confidential Internal Revenue Service (IRS) records it had reviewed.
The world’s wealthiest individual, Amazon.com CEO Jeff Bezos, did not pay any federal income tax in 2007 and 2011. Tesla CEO Elon Musk managed to do the same in 2018. Bloomberg founder Michael Bloomberg and investors Carl Icahn and George Soros were also shown to have paid minimal rates of federal income tax in recent years...
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