> I'd be really surprised to see a 0.1%-er (or 0.001%-er) post $0 income tax.
replyBezos did, in 2007.
https://www.propublica.org/article/the-secret-irs-files-trov...
> Consider Bezos’ 2007, one of the years he paid zero in federal income taxes. Amazon’s stock more than doubled. Bezos’ fortune leapt $3.8 billion, according to Forbes, whose wealth estimates are widely cited. How did a person enjoying that sort of wealth explosion end up paying no income tax?
Or the President (now permanently immune from audit, incidentally):
https://www.nytimes.com/interactive/2020/09/27/us/donald-tru...
> He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made.
Yeah and he lost money for a decade or more. Blame the system that you can loss harvest. Or call it fair that we don’t penalise business for having bad years.
replyThis. The paragraph might have backed up and said "Bezos, after sustaining over 95% capital losses in the prior decade,.."
reply> Yeah and he lost money for a decade or more.
replyOn paper, I'm sure. Let's not pretend that's reality.