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A table showing the wealth growth, total income reported, and total taxes paid for Warren Buffett, Jeff Bezos, Michael Bloomberg, and Elon Musk. It concludes each row with a true tax rate denoting 0.10%, 0.98%, 1.30%, and 3.27%, respectively. The full table is available as HTML in the article at the anchor ‘charticle’.

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A table showing the wealth growth, total income reported, and total taxes paid for Warren Buffett, Jeff Bezos, Michael Bloomberg, and Elon Musk. It concludes each row with a true tax rate denoting 0.10%, 0.98%, 1.30%, and 3.27%, respectively. The full table is available as HTML in the article at the anchor ‘charticle’.
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Mark Wyner :vm: (markwyner@mas.to)'s status on Tuesday, 14-May-2024 11:54:40 JST Mark Wyner :vm:

You may be privy to or unfamiliar with how the ultra-wealthy are taking advantage of the system. Either way, you’ll find this report by @ProPublica to be staggering. The facts are clear: there is a class war, and we’re losing.
“…it demolishes the cornerstone myth of the American tax system: that everyone pays their fair share and the richest Americans pay the most.”
https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax
#ClassWar #America #Taxes #Billionaires #Capitalism #Poverty #Inequality #EatTheRich

In conversation about 7 months ago from mas.to permalink