A number of US billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth, says non-profit news outlet ProPublica.
ProPublica said it has obtained "a vast trove of Internal Revenue Service data on the tax returns of thousands of the nation's wealthiest people, covering more than 15 years" to substantiate their points. The new report is part of an ongoing reporting project, titled, The Secret IRS Files.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.