Someone in the American IRS leaked to Propublica:
- Warren Buffett ~ 0.10% true tax rate
- Jeff Bezos ~ 0.98% true tax rate
- Michael Bloomberg ~ 01.30% true tax rate
- Elon Musk ~ 3.27% true tax rate
What’s your true tax rate?
American politicians write complicated tax laws which result in loopholes used by the richest donors.
BUT — can it be fixed?
The best summary of the issue I’ve seen is the second podcast in this list.