Wealthiest Americans’ tax avoidance – the shock report’s most striking details

A new investigation by ProPublica shows in some years men such as Jeff Bezos and Elon Musk paid no federal income taxThat wealth largely remains in the hands of the already wealthy is nothing new. Income inequality in the US has only increased since the 1980s, far exceeding that of the UK and other G7 nations; upper-income families have increased their share of the country’s aggregate income in that same timeframe while middle-income households have lost theirs in proportion; and three of