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Many Of The Ultra Rich Pay Almost No Income Tax, Report ProPublica
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Many Of The Ultra Rich Pay Almost No Income Tax, Report ProPublica

According to a report released Tuesday from the nonprofit group ProPublica, Amazon founder Jeff Bezos paid no income tax in 2007 and 2011. Tesla founder Elon Musk’s income tax bill was zero in 2018. And financier George Soros went three straight years without paying federal income tax, according to ProPublica found that overall, the richest 25 Americans pay an average of 15.8% of adjusted gross income — which is less than many ordinary workers do, once you include taxes for Social Security and Medicare, . Its findings are likely to heighten a national debate over the vast and widening inequality between the very wealthiest Americans and everyone else.An anonymous source delivered to ProPublica reams of Internal Revenue Service data on the country’s wealthiest people, including Wa...