George Soros Uses Tax Shelter Plan to Get Out of Paying Taxes

(ReliableNews.org) – Democrats have been chasing rumors that former President Donald Trump didn’t pay federal taxes. The New York Times, MSN, and other left-leaning media outlets attempted to smear his reputation over the allegations, but to no avail. In an apparent about-face, they appear to remain silent in the face of news that one of their own may have been dodging paying his taxes.

ProPublica published an extensive report on June 8 detailing efforts by some of the nation’s richest people to avoid paying their fair share of income taxes. Leftist billionaire George Soros was one of the individuals named in the report.

Soros reportedly didn’t pay any federal income tax “three years in a row,” according to ProPublica. A spokesperson for his organization claimed he lost money on investments for three years, beginning in 2016.

However, as Breitbart News reported, it remains unclear how he lost money since the “stock market rose substantially” during the period in question. Additionally, Soros managed to come up with millions of dollars to help elect left-leaning prosecutors nationwide during that three-year period and donated heavily to other liberal candidates for public office.

According to Internal Revenue Service data on the tax returns of thousands of the nation’s wealthiest people, Soros is joined by many other rich leftists such as Amazon founder Jeff Bezos, and Tesla CEO Elon Musk who also escaped paying federal taxes in past years.

It’s time for the mainstream media to redirect its attention from Donald Trump to focus on known tax issues surrounding leftists like Soros.

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