Billionaire left-wing financier George Soros gave millions of dollars to left-wing political campaigns, and billions to his own liberal foundation, in years when he paid no federal income tax.
On Tuesday, ProPublica, citing Internal Revenue Service documents, revealed that several of America’s richest people — Amazon founder Jeff Bezos, Tesla CEO Elon Musk, and Soros, among others — paid no federal income tax in certain years, as they claimed to have made net losses that offset gains.
Soros’s tax avoidance is among the most striking, since he funds a vast array of left-wing groups, which generally share the belief that the rich should be taxed more to redistribute their wealth to the poor, and to fund government programs.
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