Wednesday, July 23, 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.

POPULAR

Live by phony conspiracies, die by real conspiracies: Truth crawls from a swamp of...

On top of six months of popularity-killing blundering, reality is outing Trump—blowing apart obsolete fix-it moves.

Colbert’s termination is a corporate assault on dissent and a victory for Trump  

Was he blindsided by media conglomerates eager to capitulate to him?

Texas lawmakers largely ignored recommendations aimed at helping rural areas like Kerr County prepare...

Although it had been only seven years since Hurricane Harvey, legislators now prioritized the state’s water and drought crisis over flooding needs.

CBO: Trump law will add $3.4 rrillion to deficit, boot 10 million off health...

Warnings about the law's impact on the national debt and the healthcare of millions—particularly Americans on Medicaid—were prominent during the GOP effort to pass the budget reconciliation package by Trump's Independence Day deadline.

To resist injustice in Gaza and the wider world

One Day, Everyone Will Have Always Been Against This is neither polemic nor memoir, although it contains elements of both.