Elon Musk; Jeff Bezos.

Photo: Inc. Magazine

Richest Americans Paid No Income Tax In Some Years: Report

An investigative report by New York's ProPublica has revealed that several US-based billionaires including Jeff Bezos and Elon Musk have paid zero income tax in some years. Reportedly, Bezos avoided paying of tax in 2007 and 2011 while Musk paid no tax in 2018. Notably, the US does not tax the value of stocks and property people own but only the income generated from the sales of these items.

Wed, 09 Jun 2021 - 04:56 PM / by Harsh Vardhan

Tags: Elon Musk, Jeff Bezos, New York, ProPublica, tax

Courtesy: LiveMint