How billionaires like Jeff Bezos and Elon Musk avoid paying federal income tax while increasing their net worth by billions
at times. At least $19 billion of Bezos' wealth is not tied to his stake in Amazon.
As a result, though Bezos' net worth increased by a reported $127 billion between 2006 and 2018, he only reported an income of $6.5 billion for those 12 years, according to ProPublica, resulting in a tax bill of around $1.4 billion. If you account for the $127 billion increase to his net worth that came from stocks appreciating in value over time, that $1.4 billion in federal income taxes accounts for just over 1%.
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