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Cramer suggests billionaire surtax after ProPublica report on tax avoidance

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CNBC’s Jim Cramer on Friday suggested the U.S. impose a surtax on billionaires following this week’s ProPublica report on how some of the richest people on the planet are avoiding taxes.

In recent years, billionaires including Amazon CEO Jeff Bezos, Tesla CEO Elon Musk, and businessman Michael Bloomberg, investors Carl Icahn and George Soros paid little to no federal income taxes, according to a report from ProPublica, which cited confidential IRS data it obtained.

“They obviously are able to avoid paying income tax. Not evade. But avoid. And I know avoid is legal and the government says you can do everything you can to avoid. I think that has to be changed,” the “Mad Money” host said on



Source cnbc.com

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