Summary List Placement

Earlier this week, ProPublica published a stunning exclusive report documenting how billionaires like Elon Musk, Michael Bloomberg, and Jeff Bezos pay very little — sometimes even nothing — in income taxes. 

Based on a cache of confidential IRS documents, the ProPublica report found that the nation’s 25 richest Americans “saw their worth rise a collective $401 billion from 2014 to 2018,” but in that same time they “paid a total of $13.6 billion in federal income taxes in those five years,” a total that “amounts to a true tax rate of only 3.4%.”

The fact is, details ⇒

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