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25 richest Americans paid little to nothing in federal income taxes: Report

Billionaires like Jeff Bezos, Warren Buffett, Elon Musk and George Soros benefit from a complex web of loopholes in tax code.

Topics
Richest Americans | Jeff Bezos | Michael Bloomberg

Alan Rappeport | NYT  |  Washington 



Some of America’s richest people, including, from left, Jeff Bezos, Michael Bloomberg, and Elon Musk, avoided paying federal income taxes in recent years. (Photo: NYT)
Some of America’s richest people, including, from left, Jeff Bezos, Michael Bloomberg, and Elon Musk, avoided paying federal income taxes in recent years. (Photo: NYT)

The 25 richest Americans, including Jeff Bezos, and Elon Musk, paid relatively little — and sometimes nothing — in federal income taxes between 2014 and 2018, according to an analysis from the news organization ProPublica that was based on a trove of Internal Revenue Service tax data.

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First Published: Wed, June 09 2021. 09:04 IST

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