Republicans don’t want to raise taxes on rich people. I doubt this will change their mind.
The bottom line – see #6
6/ Here’s the summary: A typical American with $70K in income will pay about 14% in federal income taxes. The top marginal income tax rate is 37%.
— Jesse Eisinger (@eisingerj) June 8, 2021
The top 25? They paid 3.4% of their wealth growth in 2014 to 2018.
The origin of The Tax Files: Someone sent ProPublica "the private tax data of some of our nation's richest citizens." The publication doesn't know the identity of the source. "We did not solicit the info." Here's the editor's note about why it's newsworthy https://t.co/HL2Dl1B1Sh
— Brian Stelter (@brianstelter) June 8, 2021
NEW: Today @ProPublica presents The Secret IRS Files. We have obtained a vast trove of never-before-seen tax data on thousands of the richest Americans covering more than 15 years. (THREAD)https://t.co/M9XrLLoihT
— Jesse Eisinger (@eisingerj) June 8, 2021
The 25 richest Americans including Jeff Bezos, Mike Bloomberg and Elon Musk paid relatively little — and sometimes nothing — in federal income taxes between 2014 and 2018, according to an analysis of IRS filings by ProPublica. https://t.co/IsZyRbMT53
— The New York Times (@nytimes) June 8, 2021
A day after Jeff Bezos proudly announced that he intends to take a trip to space this summer, ProPublica has shed some light on how he and other U.S. billionaires have managed to amass such a ridiculous amount of wealth https://t.co/qkzf3gMWz2
— The Daily Beast (@thedailybeast) June 8, 2021
The rich really are different from you and me: They’re better at dodging the taxman.
— Yahoo News (@YahooNews) June 8, 2021
Overall, the richest 25 Americans pay less in tax — 15.8% of adjusted gross income — than many ordinary workers do, once you include taxes for Social Security, Medicare https://t.co/FnsjscteR7
IRS records show wealthiest Americans, including Bezos and Musk, paid little in income taxes, report says https://t.co/vTbXFvqMsE
— Glenn Kessler (@GlennKesslerWP) June 8, 2021
Sad! 