The US Department of the Treasury has asked law enforcement authorities to investigate the disclosure of tax records cited in a media report that showed that some of the US’ richest people paid little to no income taxes, US officials said on Tuesday.
US media outlet ProPublica said that it obtained “a vast trove of US Internal Revenue Service [IRS] data on the tax returns of thousands of the nation’s wealthiest people, covering more than 15 years.”
The data indicated that billionaires including Amazon.com Inc founder Jeff Bezos and Tesla Inc founder Elon Musk paid no federal income taxes during some years.
White House press secretary Jen Psaki said that “any unauthorized disclosure of confidential government information” is illegal.
Department spokeswoman Lily Adams said in an e-mailed statement that the matter has been referred to the FBI, federal prosecutors and two internal department watchdogs, “all of whom have independent authority to investigate.”
The IRS, part of the department, is the nation’s tax-collecting agency and many tax records are considered confidential documents.
IRS Commissioner Charles Rettig also confirmed that an investigation is under way.
“Obviously we take it very seriously,” Psaki told a briefing.
ProPublica described the records as “confidential” and did not disclose how it obtained them.
US President Joe Biden has sought tax increases on the wealthy to help fund proposed spending on infrastructure and social programs, including raising the top tax rate to 39.6 percent from 37 percent and nearly doubling the capital gains tax rate to 39.6 percent for Americans earning US$1 million or more annually.
“We know that there is more to be done to ensure that corporations [and] individuals who are at the highest income are paying more of their fair share,” Psaki said.
Rettig addressed the matter during testimony to the US Senate Committee on Finance.
“I can’t speak to anything with respect to specific taxpayers. I can confirm that there is an investigation, with respect to the allegations that the source of the information in that article came from the Internal Revenue Service,” Rettig said.
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