Please pray for the safety of the person who leaked the tax records of the hyper wealthy and for the writers tackling this subject. I look forward to reading what they learn. This is an incredibly important story. The cartoonishly rigged nature of the “free market” is beyond frustrating for those of us “not in the club”. The information is here.
Thank you Friend!
Career open to talent without distinction of birth.
Despite his enormous wealth, Bezos has twice managed to pay zero in federal income taxes.
The link is here.
For the article “Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax," ProPublica delved deep into the taxes and strategies of the 25 wealthiest people in America. The story's main finding was that these 25 people saw their worth rise a collective $401 billion from 2014 to 2018 while paying a total of $13.6 billion in federal income taxes. That amounts to what we called a “true tax rate" of 3.4%.
The link is here.