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Ralphie Bruber

Joined: 07/18/2014 Posts: 11305
Likes: 4332


The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How…


…. the Wealthiest Avoid Income Tax

(Snip)

“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 years. The data provides an unprecedented look inside the financial lives of America’s titans, including Warren Buffett, Bill Gates, Rupert Murdoch and Mark Zuckerberg. It shows not just their income and taxes, but also their investments, stock trades, gambling winnings and even the results of audits.”

Read the whole thing….

(In response to this post by Buffaluff)

Link: ProPublica


Posted: 09/22/2022 at 11:55AM



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