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I assume the OP is referring to income taxes because virtually everybody pays taxes in some form or another, whether it’s sales tax, property tax, gas tax, etc. etc.
I assume the OP is referring to income taxes because virtually everybody pays taxes in some form or another, whether it’s sales tax, property tax, gas tax, etc. etc.
Well obviously. It is absolutely unfair that about 50% of the population pays no federal income tax.
In 2007, Jeff Bezos, then a multibillionaire and now the world’s richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, Tesla founder Elon Musk, the second-richest person in the world, also paid no federal income taxes.
Michael Bloomberg managed to do the same in recent years. Billionaire investor Carl Icahn did it twice. George Soros paid no federal income tax three years in a row.
Did he have taxable income? Someone said the 1% don't pay taxes. The facts are the top 1% pay 40% of all federal income tax. 50% pay no federal income tax.
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