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ProPublica: The 25 richest Americans paid little to no federal income tax over four years

The 25 richest Americans paid little to no federal income tax between 2014 and 2018 by taking advantage of loopholes in the tax code, according to a ProPublica report based on confidential Internal Revenue Service tax data.

Why it matters: The analysis found that billionaires like Jeff Bezos, Elon Musk, Warren Buffett and Michael Bloomberg paid a tiny fraction in federal income taxes as their wealth grew.

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