Bombshell report shows Colorado Gov. Jared Polis avoided paying taxes [View all]
Source: Axios
Colorado's Democratic Gov. Jared Polis is under fire after a new trove of documents revealed he used loopholes to avoid paying federal income taxes for years.
Driving the news: A ProPublica report published Thursday found Polis, a tech entrepreneur and former congressman, used donations and financial arrangements to get out of paying federal income taxes in 2013, 2014 and 2015.
Of note: His wealth reached an estimated $306 million in 2017, and he was ranked the third-wealthiest member of the U.S. House.
From 2010 to 2018, Polis' tax rate was just 8.2% even though his income averaged $1.5 million during that period. The rate is far below the 19% level owed by an average worker, the investigative news outlet wrote.
Read more: https://www.axios.com/local/denver/2021/11/05/propublica-colorado-gov-jared-polis-avoided-paying-taxes
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