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How the ultrawealthy avoid paying their fair share of tax

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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.
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. ....

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The Secret IRS Files: How The Wealthiest Avoid Paying Income Tax

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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. ....

New York , United States , France General , Republic Of , University Of Southern California , Ron Wyden , George Soros , Lyndon Johnson , Elizabeth Warren , Mackenzie Scott , Ronald Reagan , Emmanuel Saez , Johnd Rockefeller , Michael Bloomberg , Gabriel Zucman , Cordell Hull , Cornelius Vanderbilt , Facebook Zuckerberg , Carl Icahn , Joseph Barr , Franklind Roosevelt , Barack Obama , Iw Elliot Brownlee , Steve Jobs , Larry Ellison , Andrew Carnegie ,

GoLocalProv | The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax

ProPublica has revealed how the wealthiest avoid income tax ad Jeff Bezos, Warren Buffett, and Elon Musk are just a few in their focus. ....

New York , United States , France General , Republic Of , University Of Southern California , Ron Wyden , George Soros , Lyndon Johnson , Warren Buffett , Elizabeth Warren , Mark Zuckerberg , Mackenzie Scott , Ronald Reagan , Emmanuel Saez , Johnd Rockefeller , Michael Bloomberg , Gabriel Zucman , Cordell Hull , Cornelius Vanderbilt , Facebook Zuckerberg , Carl Icahn , Joseph Barr , Franklind Roosevelt , Bill Gates , Barack Obama , Iw Elliot Brownlee ,

Column: More proof that a wealth tax on billionaires is desperately needed

ProPublica's tax investigation shows why billionaires should be taxed on their wealth. ....

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Senator Warren's wealth tax might prevent billionaires from paying nearly nothing in taxes - but it's probably not constitutional

(The Conversation is an independent and nonprofit source of news, analysis and commentary. ....

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