Inside the IRS leak that revealed billionaires’ tax avoidance strategies

ProPublica journalists obtained files showing many of the nation’s wealthiest people routinely avoid paying income tax.

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20 thoughts on “Inside the IRS leak that revealed billionaires’ tax avoidance strategies

  1. This is misleading fake news. Bezos did not receive 3.8 billion in income. Increases in asset values are not taxed until the asset is disposed. Whoever wrote this garbage is ignorant of basic tax codes.

  2. Jeff Bezos and Elon musk hire thousands of people and they have products/services that help us in our daily lives, what do you any of you do? Just collect a paycheck they invested thousands or even millions of their own dollars with no guarantee of ever making a penny back. USA 🇺🇸 LESS TAX FOR THE RICH!

  3. I mean, do we really need taxes? Politicians just waste their time in office fighting over it, stealing it for their people and the poor get poorer…
    Just let and encourage people to voluntarily give, build and share locally. We'd have lots more freely moving wealth to help others. If you don't like rich people, don't buy from them rather build a new way.

  4. What about the little guy that filed their taxes on April 1st???
    NO Money yet !!!!
    Still says processing ????
    Unreal !!!!
    Never Ever had to wait on Federal Money this long !!!!

  5. Anybody that thinks the rich aren’t paying their fair share needs an education on economics and capitalism, the richer the rich get the richer we all get. Anybody that thinks otherwise probably thinks socialism is better even though it’s failing all over the world and will always fail. The one percent of the one percent that is being talked about contributes 90% of the nation’s collected taxes if you follow the money.

  6. Do you know what we never hear about? The wealth locked up in tax free municipal bonds. Or how about the ex-wife of Jeff Bezos. No one demonized her for her wealth. Why not? Be careful of what you wish for on the wealth tax. It will hurt everyone.

  7. To the imbeciles that think that there are loopholes to protect the rich. The TAX LAW encourages investment to increase the wealth, the employment, the industry, the strength of the nation. Any idiot thinks that "the rich" cheat. NO! THEY FOLLOW THE LAW. ALL THE BOOLSIT THE IGNORANT HEAR, IS TO INSTIGATE AGAINST "the rich"!! CHEAP POLITICS THAT THE STUPID FALL FOR IT. IF THERE ARE NO TAX INCENTIVES, I WOULD NOT REINVEST, THERE WILL BE LESS DEMANT FOR WORK, LESS USA PRODUCTION and YOU WILL LOOK FOR A JOB IN CHINA!!!! The leak is TOTALLY ILLEGAL, DONE BY A CRIMINAL THAT MUST BE PUT ON THE ELECTRIC CHAIR.

  8. No, Buffet always said the income tax rate should be increased. Why? Because he's a fraud who knows he can avoid income taxes, no matter the rate. You never hear him say close the tax loopholes. You neve hear him say increase the capital gains tax rate. You never hear him say bring back the inheritance tax. Gee, I wonder why.

  9. Amazon stock appreciates in value and pays no dividend. The same with Berkshire Hathaway stock
    class A.
    One needs to look at the W-2 and 1099 forms to see where the income s from.

  10. Fixed tax rates by income strata. No deductions. No credits. Problem solved.

    Although measuring income by unrealized capital gains for tax purposes would be a disaster and hurts all of us.

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