Why Jeff Bezosā Tax Rate Is Lower Than Yours
Jeff Bezos, Michael Bloomberg and Warren Buffett are three of the richest people in the world, but they pay little in income tax relative to their wealth. In 2021, ProPublica published an investigation built on leaked tax documents that reveal what some of the richest Americans really pay ā or donāt. Warren Buffett had a true tax rate of 0.1 percent. Jeff Bezos: 0.98 percent. Michael Bloomberg: 1.3 percent. Ultra-wealthy Americans have essentially been written out of the tax system. āItās wro...