IRS Secrets: Jeff Bezos, the World's Richest Person, Collected a $ 4,000 Tax Credit to Help His Children

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 .

Monthly Advance Tax Credit Payments will begin shipping on 15 of July, however, families who prefer to claim the full credit of $ 3, 000 or $ 3, 600 dollars per child next year, they may choose not to receive early payments.

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