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TITLE: How Billionaires Have Sidestepped a Tax Aimed at the Rich Wall Street financiers were a clear target of the tax, but some, on questionable legal grounds, have claimed their outsized profits were exempt, sometimes avoiding hundreds of millions in taxes.

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TITLE: How Billionaires Have Sidestepped a Tax Aimed at the Rich Wall Street financiers were a clear target of the tax, but some, on questionable legal grounds, have claimed their outsized profits were exempt, sometimes avoiding hundreds of millions in taxes.
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Paranoid Factoid (paranoidfactoid@mastodon.social)'s status on Sunday, 05-Jan-2025 01:21:52 JST Paranoid Factoid

PROPUBLICA on how just a few BILLIONAIRES HAVE AVOIDED PAYING MEDICARE TAXES and saved over US $1.3B in the process.
The article is both an overview and names names among the billionaire class who abuse this tax loophole.
https://www.propublica.org/article/billionaires-net-investment-income-tax
#propublica #taxes #republicans #taxcheats #taxevasion #ultrawealthy #irs

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