Wealthiest Americans including Elon Musk and Jeff Bezos ‘paid no income tax’
- Date: 09-Jun-2021
- Source: SkyNews
- Sector:Economy
- Country:Middle East
Wealthiest Americans including Elon Musk and Jeff Bezos ‘paid no income tax’
President Joe Biden is facing calls to introduce a wealth tax following a report alleging America's richest executives, including Elon Musk and Amazon's Jeff Bezos, have avoided paying income tax - some over several years.
ProPublica, the not-for-profit investigative journalism organisation, said its findings showed the tax bills were especially low when compared with their soaring wealth and other assets.
It calculated the wealth of the 25 richest Americans collectively jumped by $401bn (£283bn) from 2014 to 2018.
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