George Soros paid no federal income tax three years in a row, according to a report released Tuesday by ProPublica.
Soros is among the famous billionaires—many of whom are leftist advocates of high taxes and big government—who paid less of their wealth to the taxman than many working-class Americans, ProPublica reports.
Those named in the report as paying very low taxes—and in some cases no income taxes at all—include Warren Buffett, Bill Gates, Michael Bloomberg, Carl Icahn, Elon Musk, George Soros, Jeff Bezos, and Mark Zuckerberg.
ProPublica says its reporting is based on “a vast trove of Internal Revenue Service Data” revealing that billionaires, who often finance Democrat campaigns to raise taxes in working Americans, “paid a total of $13.6 billion in federal income taxes in those five years” amounting “to a true tax rate of only 3.4%.”
A household earning the median income in the U.S. would