It Is With Heavy Heart That We Must Tell You America’s Richest Continue to Pay Not Quite s Much Tax s You Do
9th June 2021
Actually, they pay hundreds of times the tax that you pay, it’s just a lower percentage of what they make/own/whatever.
According to the leaked documents the non-profit saw, in 2007 and 2011, Jeff Bezos, today the world’s richest person, didn’t pay a thing in federal income tax – indeed in 2011, the Amazon multi-billionaire claimed and received a $4,000 tax credit for his children. In 2018, Tesla and SpaceX supremo Elon Musk, the second richest person, did not pay a bean in federal income tax, either.
And all of this is perfectly legal, using ‘loopholes’ deliberately placed in the tax code by your elected representatives, may of them (shock!) Democrats. The IRC has one line telling you what you owe tax on, and 2,652 pages of exceptions. You can look it up.