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Why Billionaires Pay So Little Tax

Jeff Bezos, Michael Bloomberg, Elon Musk and George Soros are household names. They are among the wealthiest people in the United States.

But a recent report by ProPublica has found another thing that separates them from regular Americans citizens: They have paid almost nothing in taxes.

Why does the U.S. tax system let that happen?

Guest: Jonathan Weisman, a congressional correspondent for The New York Times. 

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Background reading: 

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.

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