economics, ethics, government

Should BILLIONAIRE$ pay less tax than YOU?

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.

The Sunday Read: ‘The Little Hedge Fund Taking Down Big Oil’ The Daily

An activist investment firm won a shocking victory at Exxon Mobil. But can new directors really put the oil giant on a cleaner path?This story was written by Jessica Camille Aguirre and recorded by Audm. To hear more audio stories from publications like The New York Times, download Audm for iPhone or Android.
  1. The Sunday Read: ‘The Little Hedge Fund Taking Down Big Oil’
  2. Putting a Price on Pollution
  3. Who Killed Haiti’s President?
  4. Reacting to Chinese Cyberattacks
  5. Facebook vs. the White House

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