Portrait of George Soros
Business · policy
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George Soros on Taxes

Supports higher taxes (strong)

TL;DR

George Soros has long supported substantially higher federal income taxes for wealthy Americans.

Key Points

  • Between 2016 and 2018, George Soros reportedly paid zero federal income taxes in those years due to investment losses.

  • A representative confirmed that Mr. Soros has long supported higher taxes for wealthy Americans.

  • The investor was named among other billionaires whose tax returns were revealed by an investigative journalism effort that exposed low tax rates among the richest Americans.

Summary

George Soros is documented as a proponent of increased taxation for the ultra-wealthy, despite reports indicating he legally paid zero federal income tax for three consecutive years.

Following a leak of IRS data, a spokesman confirmed that between 2016 and 2018, the investor did not owe federal income taxes due to investment losses, while simultaneously stating that Mr. Soros has consistently supported higher taxes for wealthy Americans.

Frequently Asked Questions

George Soros is on record as having long supported substantially higher federal income taxes for wealthy Americans. This stated position aligns with broader calls for tax reform among some financial figures.

According to leaked IRS data analyzed by ProPublica, George Soros paid no federal income taxes for three consecutive years between 2016 and 2018. His representative attributed this to investment losses during that period.

There is no indication in the available reports that George Soros has changed his position in favor of higher taxes on the wealthy. His spokesman confirmed his ongoing support for this policy despite years where he paid no income tax.