Many of the uber-rich pay next to no income tax, ProPublica claims

ProPublica's findings are likely to heighten a national debate over the vast and widening inequality between the very wealthiest Americans and everyone else

Tue, 08 Jun, 2021 - 22:04

Paul Wiseman and Macy Gordon, Associated Press

Amazon founder Jeff Bezos paid no income tax in 2007 and 2011, while Tesla founder Elon Musk’s income tax bill was zero in 2018, according to a report from the non-profit investigative journalism organisation ProPublica.

Overall, the richest 25 Americans pay less in tax — an average of 15.8% of adjusted gross income — than many ordinary workers do, once you include taxes for Social Security and Medicare, ProPublica found.