ProPublica: Big Billionaires Pay Little To No Income Tax

The video discusses leaked tax records of the wealthiest Americans, revealing that some, like Jeff Bezos and Elon Musk, paid minimal federal income taxes despite significant wealth increases. Warren Buffett also paid a small percentage of his wealth in taxes. The IRS and FBI are investigating the source of the leak, not the tax practices. The video explains that the tax code favors investments over wages, allowing the ultra-wealthy to legally minimize taxes. The White House acknowledges the need for tax reform to ensure fair contributions from high-income individuals.

What loophole allows the ultra-wealthy to legally avoid capital gains taxes?

What did the White House state regarding the need for corporations and high-income individuals to pay their fair share of taxes?