Richest 25 Americans reportedly paid ‘true tax rate’ of 3.4% as wealth rocketed

Richest 25 Americans reportedly paid ‘true tax rate’ of 3.4% as wealth rocketed

Richest 25 Americans reportedly paid ‘true tax rate’ of 3.4% as wealth rocketed

The Guardian says the 25 richest Americans, including Jeff Bezos, Warren Buffett and Elon Musk, paid a “true tax rate” of just 3.4% between 2014 and 2018, according to an investigation by ProPublica, despite their collective net worth rising by more than $400bn in the same period.

The report by the non-profit news organization exposes the US tax system as income and wealth inequality continues to widen.


https://www.theguardian.com/business/2021/jun/08/richest-25-americans-jeff-bezos-elon-musk-tax

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