The Chairman of the House Ways and Means Committee has raised allegations that the protected tax records of thousands of Americans were leaked to ProPublica for political purposes and he’s demanding to know what progress has been made by the Treasury Department investigations of the apparent leak. In June 2021, ProPublica published an article detailing…
House Committee Chair Demands Answers on IRS Leak of Tax Records, Possible Political Motives
How Do Wealthy People Get Away With Not Paying Their ‘Fair Share’ of Taxes?
By Gene Marks Just last month it was revealed from an investigation of IRS data by media platform ProPublica that—surprise, surprise—the wealthiest of the wealthy (Bezos, Buffet, Musk, etc.) did not pay their “fair share” of income taxes over the past 15 years. What do we mean by “fair share?” The bipartisan Tax Foundation says that…
Making Companies ‘Pay Their Fair Share’
Commentary Dozens of big corporations, including Nike and FedEx, have paid no federal income taxes for years, which is prompting Democrats to introduce a minimum tax on earnings. While the concept is alluring to many, tax policy experts are increasingly warning of the undesirable outcomes of the proposal. President Joe Biden’s nearly $2 trillion social and…
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