Sunday, May 11, 2025

Tag: tax breaks for the wealthy

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.

Jeff Bezos, Elon Musk, and you. Which one pays taxes?

Leaked IRS data shows just how little billionaires pay in taxes.

New Analysis reveals how little the top .001% pay in taxes

“Looks like the biggest tax story of the year, if not the decade.”

Tax evasion and the 1%

“The richest 1% of U.S. households don’t report 21% of their income.”

“Liberals” need to nip this massive corporate tax break in the...

This tax-break not only lets the giant, multinational corporations get away with doing what Trump did, it hands them a huge, beautiful reward for doing it.

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The real evil empire may surprise you

Serving in (or thinking about) the U.S. military for 40 years.

One in ten Americans lives in a sinking city, new study finds

Groundbreaking research from Columbia University reveals that land beneath America’s largest cities is sinking—mostly due to groundwater extraction—posing a hidden but growing threat to infrastructure, flood safety, and climate resilience.

Seven dead in ICE custody in Trump’s first 100 days as detainee population swells

At least seven migrants have died in ICE custody since January, as the Trump administration expands detention and dismantles oversight across a system plagued by abuse, neglect, and inhumane conditions.

Texas voters reject far right school boards in sweeping backlash to book bans

Dozens of candidates who backed book censorship policies lost their seats in school board elections across Texas, signaling public fatigue with partisan attacks on students, educators, and libraries.

Millions would lose Medicaid under GOP cuts, says new CBO report

A nonpartisan analysis shows Republican efforts to slash Medicaid by $880 billion would strip healthcare from millions of low-income Americans in order to fund tax cuts for the wealthy.