Billionaire businessman and former New York mayor Mike Bloomberg has vowed to catch a team of investigative journalists who leaked his personal tax information.
The tax records, along with thousands of other wealthy Americans, were obtained by nonprofit news outlet ProPublica and used in an exposé on the US tax system published Tuesday.
According to Forbes, Bloomberg, a prominent Jewish philanthropist, and the 13th richest American, features prominently in the article.
He reportedly paid $70.7 million on income of $1.9 billion in 2018, which equates to a 3.7% tax rate. The average American household typically pays about 14% in federal income tax. According to ProPublica, Bloomberg benefited from Trump-era tax cuts, write-offs on charitable donations and credits to pay foreign taxes.
Tax data also showed that Bloomberg’s wealth increased by $22.5 billion between 2014 and 2018, while his tax burden for that period was $292 million, or 1.3%.
Read more at Bharat Times.
{Matzav.com}
so he has a DOUBLE STANDARD – his taxes are not allowed to be public, but Trump’s needs to be exposed.
Not a double standard. Someone leaking someone else’s info is wrong no matter which side you are on.
No one said people should leak Trump’s tax records. They said Trump should release them
As always, these arrogant elitist pigs are the biggest hypocrites to walk the earth. Do as I say not as I do. Keep beating the middle class to a pulp, while they sip tea in their ivory tower laughing at the dumb stupid brainwashed gullible sheeple. The ruling class. One party system. Deep staters. As Leona Helmsley so beautifully said: “We don’t pay taxes; only the little people pay taxes”. Warren Buffett’s secretary pays more in taxes than he does. It’s easy for these evil wicked condescending privileged white’s to preach that WE should pay MORE taxes. That WE should pay reparations. Etc etc.
What a liberal! HE WAS EXPOSED! “The emperor has no clothes”! Watch the stupid liberals defend him!
Hey Lipale, Peter #1, Bloomy is Democrat! What’s with you; Don’t you get it??
Much as I hate Bloomberg and am happy to see his taxes released in fairness the fact that he paid so little taxes is not a taineh on him. Half of his income was given to “charity” and the rest was taxed by foreign countries where the income was earned so he has a tax credit for doubly taxed income.
The guy is still a first class mamzer for advocating higher taxes and for for fighting ageist Trump for creating some of the loopholes he used. .but when it comes to not paying taxes he is only a hypocrite as opposed to a swindler
Really? What do you consider charity?
Bloomy is talented in wasting huge sums of money. A doomed from start presidential run, now hunting a leaker at all cost, ignoring cost benefit proportions.