Kelly Phillips Erb, from TaxGirl, has made available for listening the Taxgirl podcast, titled “Do Billionaires Pay Income Tax? ProPublica’s New Viral Tax Leak.” The article begins as follows:
Earlier this summer, ProPublica made waves when it published what it said was verified IRS information showing that billionaires like Jeff Bezos and Warren Buffett pay little in income tax compared to their massive wealth. ProPublica described the info as “an unprecedented look inside the financial lives of America’s titans.” The article caused quite a stir, both because of how they got the data and the larger discussion regarding wealth and taxes.
Recent discussions of taxing the rich or even proposing a wealth tax have sparked plenty of philosophical conversations–but what would that realistically look like for America’s uber-wealthy?
To view the article and podcast, click here: Do Billionaires Pay Income Tax? ProPublica’s New Viral Tax Leak
Posted by Josh Saret, Associate Editor, Wealth Strategies Journal.