Categories: Estero

How billionaires like Elon Musk pay less tax than you – BBC News


In 2007 and 2011, Jeff Bezos paid $0 in income tax. Same for Elon Musk in 2018.

So how do billionaires end up paying less tax than you?

Here’s how the ‘Buy Borrow Die’ mantra has become common practice amongst many of the ultra-wealthy.

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