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U.S. tax system Archives - Institute of the Black World 21st Century

Amazon CEO Jeff Bezos

IRS records show wealthiest Americans, including Bezos and Musk, paid little in income taxes as share of wealth, report says

By Commentaries/Opinions

ProPublica obtains tax data on richest Americans, which could send Washington scrambling. By Todd C. Frankel and Douglas MacMillan — The wealthiest Americans – including Warren Buffett, Elon Musk and Jeff Bezos – paid little in federal income taxes at times in recent years despite soaring fortunes, according to Internal Revenue Service data obtained by ProPublica. The release of the records sent shock waves through Washington, with the federal government…

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