When reviewing the tax returns of the Amazon founder, ProPublica found that the billionaire filed a tax return arguing that he had lost money for which he was able to obtain a tax credit
Photo: SAJJAD HUSSAIN / AFP / Getty Images
An investigation that ProPublica presented on Tuesday revealed how little Americans pay taxes the most rich compared to their huge fortunes . The organization obtained data from the Internal Revenue Service (IRS) and reviewed the tax returns of the 25 richest people in the United States during the last 15 years.
In the case of Jeff Bezos, the investigation highlighted in particular that the founder of Amazon, considered the richest person on the planet , charged a child tax credit that is designed to help reduce child poverty .
Previously the tax credit was simply an annual tax refund that allowed parents to reduce their tax bill by up to $ 2, 000 dollars , however, in this 2021 the rules were changed.
The tax credit rules were gradually beginning to be lowered for individual taxpayers earning more than $ 200, 000 dollars per year and in $ 395, 000 dollars for married couples. For people earning more than $ 227, 000 dollars or $ 454, 000 dollars if they are in a couple did not have the right to participate in the program, this would be the case of Bezos, however that did not happen with the founder of the e-commerce giant .
According to the ProPublica report, in 2011, a year in which Bezos’s wealth was remained more or less stable at $ 19, 000 million dollars, the billionaire presented a tax return in which you reported that you had lost money and collected a tax credit of $ 4, 000 dollars for your children .
When it was revealed that Bezos collected a $ 4 child tax credit, 000 dollars Rebecca Gowland has created as a form of protest a petition on the GoFundMe platform to raise funds for the Alliance Against Inequality, a global movement to counter excessive concentration of power and wealth in the hands of a small elite and achieve a just, equal and sustainable world.
A worthy cause given yesterday’s revelation the world’s richest man claimed $ 2021 child tax credit.
Help Jeff Bezos Feed His Kids https://t.co/YgWIqORQo2
– Jenny Ricks (@jenny_ricks) June 9, 2021
The help that comes from the tax credit
This year the Democrats in Congress expanded the tax credit for 4000. the number of children living in poverty during the next 12 months and could help about 39 million households.
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