ProPublica: Many of the uber-rich pay next to no income tax


A new report has revealed that billionaires like Jeff Bezos and Elon Musk were able to avoid paying federal income taxes in certain years.

According to the report from non-profit ProPublica, Amazon's Jeff Bezos paid no income tax in years 2007 and 2011.

Tesla founder Elon Musk avoided paying income tax himself in 2008.

The report disclosed that the 25 richest Americans have paid less in taxes than many others do.

Photo: Getty Images


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