billionaires

Recent data leak shows how little Income tax billionaires pay

Recent data leak shows how little Income tax billionaires pay

Data revealing income tax paid by US billionaires has been leaked to a news website. The website says it has seen the tax returns of some of the world's richest people, including Jeff Bezos, Elon Musk and Warren Buffett. It alleges Amazon's Mr Bezos paid no tax in 2007 and 2011, while Tesla's Mr Musk paid nothing in 2018. They claimed the richest 25 Americans pay less in tax, an average of 15.8% of adjusted gross income, than most mainstream US workers. They also said said they were analysing what it called a "vast trove of Internal Revenue Service data"…
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