This will only get worse with #Oligarchs running the clown show. How #Billionaires ...

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2024-12-21 20:18:46

This will only get worse with #Oligarchs running the clown show.

How #Billionaires Have Sidestepped a Tax Aimed at the #Rich

#WallStreetFinanciers 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.

by Paul Kiel
Dec. 18, 2024

"'It becomes a pretty glaring problem when you have #UltraRich individuals layering loopholes on top of loopholes to dodge both the #NIIT and #Medicare taxes,' said Sen. Ron Wyden, chair of the Senate Finance Committee, in a statement. 'To the nurse or the janitor whose taxes come straight out of their paychecks, it’s ridiculous to see these examples of fabulously wealthy individuals enjoying huge windfalls and continuing to avoid paying a fair share.'"

Read more:
https://www.propublica.org/article/billionaires-net-investment-income-tax?utm_source=firefox-newtab-en-us

#EatTheRich #Oligarchy #USPol
#USPol #Corporatocracy
#CorporateFascism #StillSanders #EndCitizensUnited #WealthInequality

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2024-12-21 20:18:46

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