LogFAQs > #962344974

Solid Snake07 posted...

Answer the question you're trying to dodge and I'll answer yours.

I answered it long ago, all you had to do was read, and I am not even talking in this thread, I have given you this information before.
You choose to remain, ignorant of this critical information that is out there.

https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax

In 2007, Jeff Bezos, then a multibillionaire and now the worlds richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018,

Taken together, it demolishes the cornerstone myth of the American tax system: that everyone pays their fair share and the richest Americans pay the most. The IRS records show that the wealthiest can perfectly legally pay income taxes that are only a tiny fraction of the hundreds of millions, if not billions, their fortunes grow each year.

https://gamefaqs.gamespot.com/a/user_image/1/7/8/AAefUOAAC4nS.jpg

In 2011, a year in which his wealth held roughly steady at $18 billion, Bezos filed a tax return reporting he lost money his income that year was more than offset by investment losses. Whats more, because, according to the tax law, he made so little, he even claimed and received a $4,000 tax credit for his children.
His tax avoidance is even more striking if you examine 2006 to 2018, a period for which ProPublica has complete data. Bezos wealth increased by $127 billion, according to Forbes, but he reported a total of $6.5 billion in income. The $1.4 billion he paid in personal federal taxes is a massive number yet it amounts to a 1.1% true tax rate on the rise in his fortune.

tl;dr

even when he sold stock his taxation rate was 1.1%