Jul 19, 2021
This is how to rich stay rich and how income inequality grows. John Iadarola and Francesca Fiorentini break it down on The Damage Report.
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Read more here: https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax
"In 2007, Jeff Bezos, then a multibillionaire and now the world’s richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, Tesla founder Elon Musk, the second-richest person in the world, also paid no federal income taxes.
Michael Bloomberg managed to do the same in recent years. Billionaire investor Carl Icahn did it twice. George Soros paid no federal income tax three years in a row."
#TheDamageReport #JohnIadarola #TheYoungTurks
Watch Francesca on The Bitchuation Room Sundays at 5/8EST http://www.youtube.com/franifio
Follow Francesca: http://www.twitter.com/franifio
Become a TDR YouTube Member: http://www.youtube.com/thedamagereport/join
Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/
Help build the Home of the Progressives http://tyt.com/JOIN
Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation =1
Follow The Damage Report on TikTok:https://www.tiktok.com/ @thedamagereport?lang=en
Follow The Damage Report on Instagram: http://www.instagram.com/thedamagereport/
Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport
Read more here: https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax
"In 2007, Jeff Bezos, then a multibillionaire and now the world’s richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, Tesla founder Elon Musk, the second-richest person in the world, also paid no federal income taxes.
Michael Bloomberg managed to do the same in recent years. Billionaire investor Carl Icahn did it twice. George Soros paid no federal income tax three years in a row."
#TheDamageReport #JohnIadarola #TheYoungTurks
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