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Cognitive Dissidence
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DoomsdaysCW
@DoomsdaysCW@kolektiva.social  ·  activity timestamp 2 weeks ago

#Billionaires with $1 salaries – and other legal tax dodges the #ultrawealthy use to keep their riches

Billionaires can enjoy growing wealth entirely free of income tax and reporting

By Ray Madoff
Published December 28, 2025

Excerpt: "Elon Musk received a salary of $0 from Tesla in 2024. Jeff Bezos earns $81,840 a year of income, low enough to get the child tax credit, which he took in 2021. One of our higher-paid billionaires is Warren Buffett, and he only gets $100,000 a year in salary and bonus combined.

All of these people are keeping their taxes down by keeping their salaries down. They are not avoiding compensation altogether, however, as they are well paid through the growing value of their stock. In 2024, Bezos’ wealth increased by $80 billion, Zuckerberg’s by $113 billion, Musk’s by $213 billion. Even better, they can enjoy this growing wealth entirely free of income tax and reporting."

Read more:
https://www.salon.com/2025/12/28/billionaires-with-1-salaries-and-other-legal-tax-dodges-the-ultrawealthy-use-to-keep-their-riches-partner/

#TaxTheRich #Billionaires #UltraWealthy #USPol #TaxDodgers #EatTheRich

Salon.com

Billionaires with $1 salaries – and other legal tax dodges the ultrawealthy use to keep their riches

Billionaires can enjoy growing wealth entirely free of income tax and reporting.
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