According to a recent report published by ProPublica, some of the nation’s richest executives — Jeff Bezos, Elon Musk and Mike Bloomberg, to name a few — pay little to no income tax. This news may come as no surprise to many, but one startling fact stands out: the methods and deductions these billionaires use are all perfectly legal. Using a trove of leaked IRS files, reporters from ProPublica analyzed more than 15 years worth of tax returns to unveil the ways in which the wealthiest among us avoid paying federal income tax. We’ll hear about the report.
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