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vessenesyesterday at 4:04 PM3 repliesview on HN

Nope. Just not post things like "billionaires pay no taxes."


Replies

ceejayozyesterday at 4:07 PM

They don't pay zero tax, for sure.

But they certainly get clever about techniques to keep it as low as possible, for shockingly low effective tax rates.

https://www.propublica.org/article/the-secret-irs-files-trov... has a whole bunch of examples.

show 1 reply
jmcmasteryesterday at 4:14 PM

The only reason he paid $11B that year was because he exercised Tesla options. Many other years his tax bill has ranged from zero to millions.

blanchedyesterday at 4:08 PM

What did he pay in previous years? To borrow a phrase, I’ll wait while you google it.