CommunityNews

CommunityNews

Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax

ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing.

Read in full here:

This thread was posted by one of our members via one of our news source trackers.

Most Liked

davearonson

davearonson

Oh, that one’s easy. They make most of their wealth by buying and selling… you thought I was gonna say stocks… nope, politicians. Most of the tax code is about how to let the filthy stinking rich hang onto every last cent, made up for by soaking the “little people” (in the words of Leona Helmsley) who can’t afford the accountants, lawyers, and time, to fight the IRS.

AstonJ

AstonJ

It’s very sad. I hope humanity and capitalism will move towards principles higher than that of making money - making money is fine, but it should not be the priority and at the cost of everything else - other things are more important and crucial.

Where Next?

Popular General Dev topics Top

First poster: bot
A few weeks ago, Apple dropped its long-promised bombshell on the data-tracking industry. The latest version (14.5) of iOS – the operatin...
New
First poster: bot
Since the Great Recession, America’s wealthiest 1 percent have been demonized as fat cats who have grown ever richer while the middle cla...
New
New
First poster: bot
A privacy group has lodged hundreds of complaints against what it calls “cookie banner terror” online. Noyb, headed by well-known Austri...
New
First poster: bot
The G7 group of advanced economies has reached a “historic” deal to make multinational companies pay more tax. Finance ministers meeting...
New
First poster: bot
Apple pays out millions in compensation to student after iPhone repair facility shared her explicit personal images online - 9to5Mac. Ap...
New
First poster: davearonson
ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little...
New
First poster: bot
The draft Online Safety Bill harms free speech and hands policing the internet to Silicon Valley, a new campaign claims. The “Legal to S...
New
First poster: bot
Appliances will be cheaper to own, the government says, under plans that will extend the lifespan of household goods.
New
First poster: bot
Over at the Guardian there is an important article – which is also worth reading just for its byline A rare sighting in the wild of Du...
New

Other popular topics Top

AstonJ
If it’s a mechanical keyboard, which switches do you have? Would you recommend it? Why? What will your next keyboard be? Pics always w...
New
Exadra37
Please tell us what is your preferred monitor setup for programming(not gaming) and why you have chosen it. Does your monitor have eye p...
New
PragmaticBookshelf
Design and develop sophisticated 2D games that are as much fun to make as they are to play. From particle effects and pathfinding to soci...
New
AstonJ
Curious to know which languages and frameworks you’re all thinking about learning next :upside_down_face: Perhaps if there’s enough peop...
New
AstonJ
I ended up cancelling my Moonlander order as I think it’s just going to be a bit too bulky for me. I think the Planck and the Preonic (o...
New
AstonJ
Do the test and post your score :nerd_face: :keyboard: If possible, please add info such as the keyboard you’re using, the layout (Qw...
New
DevotionGeo
The V Programming Language Simple language for building maintainable programs V is already mentioned couple of times in the forum, but I...
New
AstonJ
Continuing the discussion from Thinking about learning Crystal, let’s discuss - I was wondering which languages don’t GC - maybe we can c...
New
husaindevelop
Inside our android webview app, we are trying to paste the copied content from another app eg (notes) using navigator.clipboard.readtext ...
New
sir.laksmana_wenk
I’m able to do the “artistic” part of game-development; character designing/modeling, music, environment modeling, etc. However, I don’t...
New