How much was the tax? Lauren Sanchez cuts a stylish figure in a white puff-sleeved dress as she leaves the Hollywood restaurant with a friend a day after boyfriend Jeff Bezos was exposed as having paid no income taxes
- Lauren Sanchez spotted leaving Hollywood restaurant with boyfriend on Wednesday
- Actress, 51, stylishly undressed in a white puff sleeve dress
- Jeff Bezos’s partner went out to dinner days after it was revealed he pays no income tax
Amazon founder Jeff Bezos’ girlfriend, Lauren Sanchez, looked classy as she enjoyed dinner at a Hollywood restaurant with a friend, just a day after her boyfriend was exposed as having paid no income taxes.
The American actress and news anchor, 51, who wore her dark hair down, donned a white puff-sleeved dress and put safety first in a protective facemask in accordance with coronavirus guidelines.
She wore a necklace and dainty earrings, while her brunette friend opted for an off-the-shoulder black top before getting into a waiting car behind her.
Lauren’s appearance comes just days after the IRS began investigating how confidential tax filing data had been leaked that revealed how billionaires like Elon Musk and Jeff Bezos haven’t paid federal income taxes in several years.
Amazon founder Jeff Bezos’ girlfriend Lauren Sanchez, 51, cut a stylish figure as she enjoyed dinner at a Hollywood restaurant just a day after her boyfriend was exposed as having paid no income taxes. In the picture, leaving with a friend
The American actress and news anchor, 51, who wore her dark hair down, donned a white puff-sleeved dress and put safety first in a protective facemask in accordance with coronavirus guidelines. In the picture, leaving with a friend
The IRS data of the richest people in the United States was obtained by: ProPublica and published Tuesday.
The wealth of records showed that Amazon founder Jeff Bezos paid no income taxes in 2007 and 2011, while Tesla boss Elon Musk’s income taxes hit zero in 2018.
Investor George Soros went three straight years — between 2016 and 2018 — without paying federal income taxes, according to the data.
Fellow investor Carl Icahn paid no federal tax in 2016 and 2017.
Lauren and divorced Bezos made their relationship official on July 14 when they attended the Wimbledon Men’s Singles final together. Pictured attending the Tom Ford AW20 Show at Milk Studios on February 7, 2020 in Hollywood
Amazon founder Jeff Bezos paid no income taxes in 2007 and 2011, while Tesla founder Elon Musk’s income taxes hit zero in 2018, according to IRS data obtained by ProPublica and published Tuesday.
HOW CAN THE SUPER RICH PAY LOWER TAXES?
Many billionaires are able to lower their federal tax bills using legal tax strategies.
Among the ways they can lower tax bills are:
Make large donations to charities
The rich can lower tax bills through the use of charitable donations.
They can deduct up to 60 percent of the adjusted gross income with donations.
Investing in stocks to avoid wage income
The rich can cut taxes by avoiding wage income, which can be taxed up to 37 percent.
They can instead take advantage of investment income, which is often taxed at 20 percent.
Paying yourself lower salaries
If the mega-rich pay themselves a lower salary, they can take a higher portion of the income as dividends.
The lower salary is then taxed at the normal rate. Dividends are often taxed the same as the capital gains rate, which is between 15 and 20 percent.
Another option is to opt for a portion of their compensation in their company stock options. Shares are generally only taxed when the options are exercised.
In reviewing the tax data, the site calculated what it called a “true tax rate” for the billionaires by comparing how much tax they paid annually from 2014 to 2018 to how much Forbes estimated their wealth had grown over that same period.
The report found that the richest 25 Americans generally pay less in taxes than the average worker.
The average American household in recent years earned an average salary of about $70,000 and paid 14 percent in federal taxes per year.
Based on data from the 25 richest Americans, they collectively paid a real tax rate of 3.4 percent on $401 billion in capital appreciation between 2014 and 2018.
Lauren and divorced Bezos officially went public with their on July 14 when they attended the Wimbledon Men’s Singles final together – just three rows behind Prince William and the Duchess of Cambridge.
Their beloved display at the All England Tennis Club came seven months after their relationship, while still married, was revealed by The National Enquirer.
Bezos, the richest man in the world, and his ex-wife MacKenzie Bezos finalized their divorce on July 5 for a $38 billion settlement, Bloomberg News reported.
Lauren shares son Evan Whitesell, 14, and daughter Eleanor Patricia Whitesell, 13, with ex-husband Patrick Whitesell, a Hollywood agent and founder of William Morris Endeavor Entertainment.
Her oldest son Nikko Gonzalez, 20, comes from her relationship with former NFL tight end Tony Gonzalez.