Richest 25 Americans reportedly paid ‘true tax rate’ of 3.4% as wealth rocketed
- Date: 09-Jun-2021
- Source: Yahoo News
- Sector:Economy
- Country:Middle East
Richest 25 Americans reportedly paid ‘true tax rate’ of 3.4% as wealth rocketed
The 25 richest Americans, including Jeff Bezos, Warren Buffett and Elon Musk, paid a “true tax rate” of just 3.4% between 2014 and 2018, according to an investigation by ProPublica, despite their collective net worth rising by more than $400bn in the same period.
Related: Global economy set for fastest recovery for more than 80 years
The report by the non-profit news organization exposes the US tax system as income and wealth inequality continues to widen.
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