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Rich Americans Like Bezos, Musk, Buffett Avoided Income Tax



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Lawmakers like Senator Elizabeth Warren, Democrat of Massachusetts, have championed the idea of placing a 2 percent tax on an individual’s net worth above $50 million — including the value of stocks, houses, boats and anything else a person owns, after subtracting any debts. In an interview on Tuesday, Ms. Warren called the tax revelations “deeply shocking” and said it reinforced the fact that lawmakers should be thinking about wealth over income when writing tax policy.“Increasing the personal income tax rate by 2 percent or 10 percent is not going to make any real difference to these multibillionaires,” Ms. Warren said. “The real …

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