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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.
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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.
A first-of-its-kind analysis of newly disclosed Internal Revenue Service data shows that the richest 25 billionaires in the United States paid a true federal tax rate of just 3.4% between 2014 and 2018—even as they added a staggering $401 billion
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