Thursday, March 28, 2024

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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Desperation and danger: Gaza’s aid crisis turns tragic with 12 Palestinians drowned in airdrop...

Amidst a blockade and escalating starvation in Gaza, a misguided attempt to deliver aid results in unforeseen tragedy, spotlighting the dire need for secure and dignified humanitarian access.

Cori Bush calls for repeal of antiquated Comstock law amid rising anti-abortion tactics

With the U.S. Supreme Court's current review of mifepristone access—a drug fundamental to over 60% of abortions in the U.S.—the urgency of Bush's demand is palpable.

The vexing Biden-Trump rematch could purge an era of broken, bipartisan dynamics—or not

That a shameless, dimwit outlaw like Trump can humiliate both state and federal justice confirms its own devastating “conviction" as failed legal systems.

Inside the historic suit that the gun industry and Republicans are on the verge...

Gunmakers have repeatedly tried to end one city’s lawsuit over illegal gun sales. Meanwhile, illicit purchases of firearms continued at an unrelenting and hazardous pace.

What’s so green about burning trees? The false promise of biomass energy

Bioenergy companies are clear-cutting American forests to heat and electrify Europe. This broken system harms public health, the environment, and the climate.