Friday 11 June 2021

And The Rich Get On Getting.....

 ,,,I don't even need to finish that, do I.



ProPublica published an analysis they did of IRS information on wealthy Americans. And what these wealthy Americans did is all legal.

Here are some examples:

  • Warren Buffet: 
    • between 2014 & 2018 reported a wealth growth of 24B$.  
    • And paid 24M$ in federal tax.  
    • That's a rate of 0.1%
  • Jeff Bezos: very similar; wealth growth 99B$, taxes paid 1.0B$.
  • Elon Musk: very similar; wealth growth 14B$, taxes paid 0.5B$.

The point of this story is not to make you feel bad.  The part of the story that should make you feel bad is:


The IRS shoots the messenger. 


Okay, go back to yesterday's post for another hug.....


There, there, you have a good cry......

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