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.
China, Russia and the Risk of a New Cold War – The Daily
As Xi Jinping, China’s leader, meets with President Vladimir V. Putin of Russia in Moscow this week, Chinese officials have been presenting his trip as a mission of peace. But American and European officials are watching for something else altogether — whether Mr. Xi will add fuel to the full-scale war that Mr. Putin began more than a year ago.Edward Wong explains what Mr. Xi is really up to, and why it’s making people wonder whether a new Cold War is underway.Guest: Edward Wong, a diplomatic correspondent for The New York Times.Background reading: Chinese officials say Xi Jinping’s trip to Moscow is a peace mission. But U.S. and European officials say he aims to bolster Vladimir Putin.Here’s what to know on Xi’s second day of meetings in Russia.For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.
Rick McCharles 