According to a shocking new series of documents obtained by the journalistic group Pro-Publica many billionaires in the US, including left-wing ones like Jeff Bezos, George Soros, and Michael Bloomberg have paid almost nothing in taxes in recent years.
As The Hill reports:
The news outlet obtained IRS data, covering more than 15 years, about the tax returns of thousands of the wealthiest Americans. ProPublica said that it obtained the information from anonymous source, that it doesn’t know the identity of the source, and that it didn’t solicit the information provided.
“The IRS records show that the wealthiest can — perfectly legally — pay income taxes that are only a tiny fraction of the hundreds of millions, if not billions, their fortunes grow each year,” ProPublica wrote.
Bezos — currently the richest person in the world, according to Forbes — paid zero in federal income taxes in 2007 and 2011. In 2007, his income was offset by investment losses and deductions. In 2011, his income was more than offset by investment losses, allowing him to claim and receive a $4,000 tax credit for his children, ProPublica reported.
The news will probably surprise few regular Americans, who have seen their tax bills constantly increase while having to endure liberal billionaires lecture them about political correctness all while actively fleecing U.S. taxpayers.