Jeff Bezos’s True Tax Rate Is 0.98%
Let that sink in for a minute
“There’s been class warfare going on for the last 20 years, and my class has won.” — Warren Buffett
Earlier last week, ProPublica dropped an investigation that revealed — surprise, surprise — the wealthiest 25 Americans pay almost zero income tax compared to their net worth. We’re talking Warren Buffett, Bill Gates, Rupert Murdoch, Mark Zuckerberg; all the big names.
It’s an especially gutsy move when you remember that leaking tax returns is a federal crime.
ProPublica is a nonprofit newsroom that investigates abuses of power, and they say they got the data from an anonymous source — likely a patriot at the IRS who’s sick and tired of watching the elites take over their country. The leak contains the tax returns of thousands of American’s richest folk over a period of fifteen years. ProPublica says that the report, “demolishes the cornerstone myth of the American tax system: that everyone pays their fair share and the richest Americans pay the most.”
The Treasury Department is investigating the leak, though my guess is that if America was a democracy most Americans would rather have the department investigate the actual tax avoiders and evaders and bring some real justice to the tax system instead of trying to jail a…
