Notes

The Musk, Bezos, other billionaires pay little to nothing in US PDFs


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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://www.refinery29.com/images/10514232.jpg" alt="US super-rich 'pay almost no income tax' - BBC News"><span style="display:none" itemprop="caption">Why rich people pay less in taxes, income tax, capital gains</span>
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<h1 style="clear:both" id="content-section-0">The Facts About Report: Ultra-Rich Pay Next To Nothing In Taxes - Statista Revealed<br><img width="400" src="https://persiadigest.com/wp-content/uploads/2021/06/1623315105_Billionaires-who-dont-pay-taxes-are-Bidens-bread.jpg"><br></h1>
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<p class="p__0">In 2007, Jeff Bezos, then a multibillionaire and now the world's richest man, did not pay a cent in federal income taxes. He accomplished the task once again in 2011. In 2018, Tesla creator Elon Musk, the second-richest individual in the world, likewise paid no federal earnings taxes. Michael Bloomberg handled to do the very same recently.</p>
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<p class="p__1">George Soros paid no federal income tax 3 years in a row. Pro, Publica, the investigative newsroom, has acquired a large chest of Irs information on the income tax return of thousands of the nation's wealthiest individuals, covering more than 15 years. The information provides an unprecedented look inside the monetary lives of America's titans, including Warren Buffett, Bill Gates, Rupert Murdoch and Mark Zuckerberg.</p>
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<h1 style="clear:both" id="content-section-1">See This Report on US super-rich 'pay almost no income tax' - BBC News<br></h1>
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<p class="p__2">Taken together, it destroys the foundation myth of the American tax system: that everybody pays their reasonable share and the wealthiest Americans pay the many. More Discussion Posted Here show that the wealthiest can perfectly lawfully pay income taxes that are just a small portion of the hundreds of millions, if not billions, their fortunes grow each year.</p>
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<p class="p__3">Pro, Publica is a nonprofit newsroom that investigates abuses of power. The Secret IRS Files is a continuous reporting task. Register to be notified when the next installation publishes. Lots of Americans live income to income, accumulating little wealth and paying the federal government a portion of their income that increases if they make more.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://flowingdata.com/wp-content/uploads/2021/07/tax-rates-billionaire-owners-400x250.png" alt="Opinion - The Rich Really Do Pay Lower Taxes Than You - The New York Times"><span style="display:none" itemprop="caption">NYT Runs Interference for Billionaires Who Don't Want Their Wealth Taxed - FAIR</span>
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<h2 style="clear:both" id="content-section-2">Not known Facts About The bias built into tax laws that disadvantages income from labor<br></h2>
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<p class="p__4">The greatest earnings tax rate, 37%, started this year, for couples, on earnings above $628,300. The confidential tax records acquired by Pro, Publica show that the ultrarich efficiently sidestep this system. America's billionaires obtain themselves of tax-avoidance strategies beyond the reach of normal individuals. Their wealth originates from the escalating value of their properties, like stock and property.</p>
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<p class="p__5">laws as taxable income unless and up until the billionaires sell. To capture the financial truth of the wealthiest Americans, Pro, Publica carried out an analysis that has never been done before. We compared just how much in taxes the 25 richest Americans paid each year to just how much Forbes approximated their wealth grew because exact same period.</p>
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