Elon Musk is currently the world’s wealthiest man, with a net worth of around $300 billion as of now. He, like most billionaires, don’t pay much tax, if at all (percentage wise). From 2014-2018, he paid a mere total of $455 million in taxes, while his wealth grew by some $13.9 billion. In effect, his tax rate was only 3.2%. Oh, he also didn’t pay any federal taxes at all in 2018 (Bezos too managed to not pay federal taxes in 2007 AND 2011).
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