Democratic Senators Call for Investigation of Tax Avoidance by the Ultrawealthy — ProPublica

… The wealthy pay so little in taxes primarily because they keep their incomes low, the article explained, often borrowing against their fortunes to fund their lifestyles. Amazon's Jeff Bezos, Tesla's Elon Musk, Bloomberg L.P.'s Michael Bloomberg and other billionaires have each paid no federal income taxes in one or more recent years. The tax avoidance techniques described in "The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Taxes" are legal, and routine among the ultrawealthy...

https://www.propublica.org/article/democratic-senators-call-for-investigation-of-tax-avoidance-by-the-ultrawealthy