A ProPublica analysis of tax returns from the 25 wealthiest Americans showed they paid little income taxes compared to their fortunes. ProPublica did not reveal how they got the tax data, but said they “went to considerable lengths to confirm that the information†is accurate. Senior editor and reporter at ProPublica Jesse Eisinger, explains how the ultra wealthy avoid taxes.ÂÂ
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#ProPublica #ElonMusk #JeffBezos
What do US people know about democracy when they have under corporate feudalism for over 250 years??
Capitalism is the least democratic way to create shared prosperity.
Thank God everyone who needs there pain meds has Dr Appointment s You'll get the highest dose rip for stealing my identities like Michael Jackson and Whitney Houston did
The US tax code is designed for business owners, not employees.
3:05 Elon Musk: $1.52B income, taxes paid $455M … so the tax rate is almost 30% not 3.27%
They don’t pay any that’s how they take our money, we work, they steal, and take from our blood sweat and tears and children, Democrats have been taking from us for years, they figured out a way to keep slavery alive,Democrats have always owned slaves
Why do you want them to pay full tax?
I get the whole thing of taking out loans that cost less than their assets appreciate, but where do they get the money to pay off the monthly payments of the loans? ( without realizing any gains )
I hate when smart people lie to less informed people to push an agenda…. We need to look at income vs wealth. Lets for argument sake say i own a company that pays me 1 mill in salary. and John brown thinks my company is great and wants to pay me 1 bill for that company. What should i get taxed on my income or wealth?
What is their fair share?
Well, what took us so long? Remember Leona Helmsley who said " only the little people pay taxes"!!!!!!
Murica!
Lefties love the magic money tree.
Can we get paid in Stocks instead of money as salary ??
This report is misleading.. Its not just the ultra wealthy that dont pay taxes, so does most Americans..
For example when the value of your house goes up from 100k to 200k, do you pay taxes on the additional 100k.. No you dont! Unless you decide to sell you house..
So when Jeff Bezoz Amazon shares goes up in value from 50B to 100B, he doesnt pay taxes either.. Unless he sell his shares n convert them to cash..
Buffett is billy boys pal
Nuff said ðŸÂ•ðŸÂ¾ðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘ŽðŸ‘Ž
If billionaires payed their taxes would we owe debt to China? It is partly their fault we owe debt?
"Giving to charity," when proclaimed by the rich, is a well documented scam. It is simply another tax-avoidance tool.
I don’t understand how they pay their loan back if they make extremely little taxable income. Can someone clarify? The banks can’t keep their giant loans open forever.
This is what you get when you vote for republicans they've always been out for themselves they've never been out for the people and I don't want one penny of my taxes going to another country when our country is suffering
China holding.. lightbulb … Wuhan who is the china holding/? Public Bank?
How many of you tick the little box on your 1040 form that says I want to pay more taxes than im legally required to pay?
That is an irresponsible title which implies illegalities.
A more accurate title would say: " … legally avoid taxes".
If you receive no income should you pay income taxes.
If you invest 300 million dollars in corporate infrastructure should the profits that come from said investment be taxed in a way that assumes no investment (Capital infusion).
As an employee of a company what investment are you making in that company that is not tax-deductible?
McConnell calls for an investigation into who leaked the info and immediate jail time for them! He didn't bother with expressing his feelings on how these rich do not pay their fair share at this time but months ago, stated he was strictly against removing the Trump tax cuts for the rich!
So billionaire should pay tax on unrealized capital gain of their wealth???