Sunday, February 16, 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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Musk’s double standard: SpaceX wins government contract while public services face deep cuts

A $38.85 million contract awarded to Elon Musk’s SpaceX sparks outrage as his government office slashes funding for health care, education, and social programs.

How to bump, lump, crumple, and eventually dump Donald Trump

Better we concentrate on growing the grit and smarts to fight back from the hedgerows to the dark net.

McMahon confirmation exposes Trump’s plan to dismantle public education

Educators, unions, and civil rights advocates warn that the Trump administration’s agenda would devastate public schools, privatize education, and gut federal oversight.

NOAA imposes restrictions on scientists, raising concerns over global forecasting

Current and former high-level scientists with the federal agency said the new rules have created unease and caused alarm with partners at European agencies.

GOP’s $4.5 trillion tax giveaway: Slashing Medicaid and food stamps to fund the wealthy

House Republicans propose massive tax cuts for billionaires while gutting Medicaid, food assistance, and student loan programs, sparking outrage from lawmakers and advocacy groups.