ProPublica: Big Billionaires Pay Little To No Income Tax
Newsy
ProPublica obtained the IRS records from an anonymous source.
We told you about a new report last week that shows some of the richest Americans pay barely any federal income tax. It looks at the 25 wealthiest Americans and their leaked tax records. ProPublica obtained the IRS records from an anonymous source. Those documents show Jeff Bezos' wealth went up $99 billion from 2014 to 2018. But he paid less than 1% in federal income taxes. He even got a child tax credit. Tesla founder Elon Musk also upped his wealth by more than $13 billion. He reportedly paid just 3% in federal income taxes.More Related News