Tag: tax breaks for the wealthy
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.
Leaked IRS data shows just how little billionaires pay in taxes.
“Looks like the biggest tax story of the year, if not the decade.”
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.