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Musk, Bezos, other billionaires avoid US income taxes: report

Elon Musk, Jeff Bezos, other US billionaires paid little or no income tax: report

Elon Musk, Jeff Bezos, other US billionaires paid little or no income tax: report Amazon Chairman Jeff Bezos (left), Tesla chief Elon Musk. PHOTOS: AFP AFP, New York AFP, New York Several of the richest Americans have paid zero income tax in some years, according to an investigative report published on Tuesday (June 8) 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. Some of the richest Americans pay little in income tax compared to their massive wealth - sometimes, even nothing, said ProPublica, which did not disclose how it obtained the confidential tax data.

US billionaires avoid taxes: report

Several of the US’ richest citizens have paid zero income tax in some years, according to an investigative report published on June 8 that comes as Washington weighs new proposals to address tax avoidance by the wealthiest individuals and companies.

Jeff Bezos, Elon Musk, Warren Buffett on List of Super Rich Accused of Avoiding Tax

The FBI and tax authorities are both investigating the leak, which a White House spokesperson described as "illegal". The list also includes George Soros, Michael Bloomberg and more.

Musk, Bezos paid zero income tax in some years

Musk, Bezos paid zero income tax in some years AFP/New York Elon Musk avoided all payments in 2018. (AFP) Others who paid nothing in some years included news industry billionaire Michael Bloomberg, activist investor Carl Icahn, and philanthropist and financial giant George Soros Several of the richest Americans have paid zero income tax in some years, according to an investigative report published on 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.

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