In today's episode, let's talk about how the richest people on earth avoid paying taxes.
Just last week, ProPublica, an investigative journalism nonprofit, released a report mapping out how the wealthiest people avoid taxes, exploit loopholes and escape scrutiny from federal auditors.
In 2007, Jeff Bezos, then a multibillionaire and now the world’s richest man in the world, did not pay a single penny in federal income taxes. And He managed to do the same thing again in 2011.
In 2018, Tesla founder Elon Musk, the second-richest person in the world, also paid no federal income taxes.
Michael Bloomberg managed to do the same in recent years.
Billionaire investor Carl Icahn did it twice.
George Soros paid no federal income tax three years in a row.
And the question is...how.
How do the richest people in the world avoid paying taxes? That's what we will be exploring in today's episode.
So, check out this episode to find out more!
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