Rep. Dan Goldman Introduces New Tax On Wealthiest Americans Generating An Estimated $276 Billion In Revenue

Elon Musk Paid 3.3% 'Effective Tax,' Bezos 1%, Living 'Tax-Free' On Loans, Says Rep. Dan Goldman—Introduces Robinhood Act To 'Generate At Least $276B' - Amazon.com (NASDAQ:AMZN), Levi Strauss (NYSE:LEVI)

Rep. Dan Goldman (D-N.Y.) introduced legislation Thursday to close a prominent loophole in the tax code that allows ultra-wealthy Americans to build liquidity while paying minimal federal income taxes. Musk And Bezos Borrow With The Loan Loophole In announcing the bill on X, Goldman highlighted the low effective tax rates paid by tech moguls, noting that Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk paid a rate of 3.3% and Amazon.com Inc. (NASDAQ:AMZN)…

Rep. Dan Goldman Introduces New Tax On Wealthiest Americans Generating An Estimated $276 Billion In Revenue

NEW YORK, NY – Congressman Dan Goldman (NY-10) today introduced the Redistribution of Billions by Instituting New High-Income Obligations on Overlooked Debt (ROBINHOOD) Act, a new federal tax on the ultra-wealthy designed to address one of the most glaring failures in the current tax code: the ability of the uber-wealthy to access enormous amounts of money tax-free while paying staggeringly low effective tax rates.