The media has learned that American billionaires pay meager taxes

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The media has learned that American billionaires pay meager taxes

10.06.2021 News

In the United States over the past 15 years, 25 billionaires have paid a much lower income tax than they should have. ProPublica based on confidential data from the US IRS published the investigation.

In particular, among the 25 billionaires are Berkshire Hathaway CEO Warren Buffett, former New York Mayor Michael Bloomberg, Amazon founder Jeff Bezos and Tesla CEO Elon Musk.

Journalists compared the data of the US Tax Service with Forbes estimates of capital growth of each billionaire over a period of time.

As it turned out, the fortune of Elon Musk increased by $ 13.9 billion, while the declared income of the founder of Tesla amounted to $ 1.52 billion, of which the state lost only $ 455 million. Thus, the real tax rate of Musk was 3.27%, and in 2018 it and completely evaded taxes.

In turn, the wealth of Jeff Bezos from 2014 to 2018 increased by $ 99 billion, and he paid less than $ 973 million in income tax. The real tax rate was only 0.98%. In addition, in 2007 Bezos did not “pay a single cent of federal income tax”, and in 2011 received a subsidy from the state for $ 4 thousand.

At the same time, the head of the Berkshire Hathaway investment fund Warren Buffett replenished the treasury with $ 23.7 million in the same years, and his own wallet – by $ 24.3 billion. His real tax rate was 0.1%.

Finally, George Soros, who ranks 288th in the ranking of the richest people in the United States, did not pay taxes for three years in a row – from 2016 to 2018.

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