Records: Soros put billions into political causes in years when he paid no income tax

Records: Soros put billions into political causes in years when he paid no income tax
George Soros

[Ed. – That at least is a point worth reflecting on, at the same time acknowledging that someone committed a felony by releasing billionaires’ private tax records – and could do the same to you.  I don’t care that they paid no net income tax.  I do care that tax law favored their ability to advance causes that adversely affect my life.]

Billionaire left-wing financier George Soros gave millions of dollars to left-wing political campaigns, and billions to his own liberal foundation, in years when he paid no federal income tax.

On Tuesday, ProPublica, citing Internal Revenue Service documents, revealed that several of America’s richest people — Amazon founder Jeff Bezos, Tesla CEO Elon Musk, and Soros, among others — paid no federal income tax in certain years, as they claimed to have made net losses that offset gains.

Soros’s tax avoidance is among the most striking, since he funds a vast array of left-wing groups, which generally share the belief that the rich should be taxed more to redistribute their wealth to the poor, and to fund government programs.

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