Meet The Billionaire And Rising GOP Mega-Donor Who’s Gaming The Tax System
Susquehanna founder and TikTok investor Jeff Yass has avoided $1 billion in taxes while largely escaping public scrutiny. He’s now pouring his money into campaigns to cut taxes and support election deniers.
A Massive Oil Spill Helped One Billionaire Avoid Paying Income Tax for 14 Years
Phyllis Taylor’s company is responsible for the longest-running oil spill in U.S. history. That’s been a disaster for the Gulf of Mexico — but a tax bonanza for Taylor.
When You’re A Billionaire, Your Hobbies Can Slash Your Tax Bill
Thoroughbred horses, auto racing, massive ranches, luxury hotels. The hobbies and side businesses of the ultrawealthy create huge write-offs that can let them get away with paying little or no income tax for as much as a decade at a time.
These Real Estate And Oil Tycoons Avoided Paying Taxes for Years
Donald Trump and other ultrarich Americans have earned billions, but they’ve also managed to repeatedly avoid paying any federal income tax by claiming huge losses on their businesses.
These Billionaires Received Taxpayer-Funded Stimulus Checks During the Pandemic
IRS records reveal that 18 billionaires and some 250 other ultrawealthy people received aid intended to help middle-class Americans.
The Billionaires Tax Wasn’t New
Taxing billionaires on their wealth may sound novel, but the ideas behind it are already frequently used in the tax code.
Democratic Senators Call For Investigation Of Tax Avoidance By The Ultrawealthy
Sens. Elizabeth Warren and Sheldon Whitehouse demanded an investigation into how the rich use “legal tax loopholes to avoid paying their fair share of income taxes.”
The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax
Inside the Tax Records of the .001%
The Bailout Is Working — For The Rich
The economy is in free fall but Wall Street is thriving, and stocks of big private equity firms are soaring dramatically higher. That tells you who investors think is the real beneficiary of the federal government’s massive rescue efforts.