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ProPublica obtained a vast cache of IRS information showing how billionaires like Jeff Bezos and Elon Musk pay little in income tax compared to their massive wealth — sometimes, even nothing. From the archives:

propublica.orgThe Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income TaxProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, ev...

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Don’t we know this by now? None of these rich assholes pay their taxes! So there’s some technical proof? Oooh! Now we have them by the balls! NOT! With no Congress to check them and a Supreme Court practically owned by them, no amount of IRS paperwork will make any difference. Change the system!

DEPRAVED BILLIONAIRES MUST BE TAXED OUT OF EXISTENCE! Dems win if they run on this. It's more clear than ever that we have a sociopathic billionaire class who have entirely too much power, $$$ and zero respect for human dignity. THE TIME IS NOW! THE PEOPLE ARE FED UP AND READY! RISE UP!

The outlandish share of wealth going to the top with the corresponding shrinkage of the share going to wage earners was not anticipated by the SS fix under the recommendations of the Greenspan commission. bsky.app/profile/fran...

Frank D’Elia@frankd7.bsky.social

An underreported story about the coming crisis of social security is how growing wealth inequality www.psca.org/news/psca-ne... since the 1983 Greenspan Commission fix www.ssa.gov/history/repo... has contributed to shorting the trust funds of needed money.

Generally agree but a point of order, calling on the wisdom of Dwight Schrute, who noted that “One of the things I’m paid for here is my loyalty, and if I find somewhere that values loyalty more, I’ll go work there.” They don’t buy politicians; at best it’s a lease agreement.

It's great they got the docs but let's not act like this info is a shock. We've know this for decades. But you know what the real problem is? Those Democratic Socialists.

tRumpus helps only the wealthy, including himself. He changed tax laws to avoid paying any taxes and this was first term! Maggat voters were stupid enough to put him in office a second time so the tax breaks are permanent. Regular Americans will be paying taxes even after they're in the ground!

As long as we continue to observe the myth that taxing long term capital gains (LTCG) at the same higher rates as ordinary income (wages, interest, rents, etc.) would stymie growth, the rich will continue to get richer and working stiffs will continue pay much higher rates of income tax.