Eat the Rich (and eat their enablers). Our tax code is a eff’ing shame:
[Jeff Bezos’s] tax avoidance is even more striking if you examine 2006 to 2018, a period for which ProPublica has complete data. Bezos’ wealth increased by $127 billion, according to Forbes, but he reported a total of $6.5 billion in income. The $1.4 billion he paid in personal federal taxes is a massive number — yet it amounts to a 1.1% true tax rate on the rise in his fortune.
It’s a small taste. But how they avoid taxes becomes even more enraging; the section with snotty Carl Icahn made me scream at my laptop. It’s a rigged game, and the billionaires did the rigging.
(Hat tip: Scissorhead Beckymaynot)