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June 9, 2021

Many of the uber-rich pay next to no income tax

  • Using perfectly legal tax strategies, many of the wealthiest Americans are able to shrink their federal tax bills to nothing or close to it.
    • By PAUL WISEMAN and MARCY GORDON
    AP Business Writers

    WASHINGTON — The rich really are different from you and me: They're better at dodging the tax man.

    Amazon founder Jeff Bezos paid no income tax in 2007 and 2011. Tesla founder Elon Musk's income tax bill was zero in 2018. And financier George Soros went three straight years without paying federal income tax, according to a report Tuesday from the nonprofit investigative journalism organization ProPublica.


     
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