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.
wealth
The Rich Should Be Taxed Differently Than You and Me
A 10 percent surtax on incomes over $2 million should be levied on wages and salaries and investment income gained from wealth, including capital gains and dividends.
Starbucks’s Howard Schultz: Another Billionaire Presidential Candidate Who Doesn’t Get It
Privileged candidates from Donald Trump to Howard Schultz don’t have any idea what life is really like for a single parent raising two kids while working and attending night classes.
Not To Worry, Estate Planners: Help For Struggling Millionaires Is On The Way
The estate tax was just slashed to exempt millionaire families up to $22 million, a doubling of the previous exemption, which had covered 99.8 percent of taxpayers.
There’s No Good Reason for Your Boss to Make 347 Times What You Do
It’s business executives through outsized CEO pay — not movie stars, professional athletes, or heiresses — who grabbed the dollars that once flowed to the American worker.
Millionaires Make Up Nearly One-Third Of the Florida Legislature, More in Senate
Almost half of the Florida Senate is in the millionaires club, and more than two dozen senators saw their net worths grow in the past year.
Rick Gets Richer: Governor’s Net Worth Climbs $14 Million in 2014, Padded By Blind Trust
Scott, who reportedly spent $13 million last year on his re-election, stated he generated $9.8 million last year from his blind trusts. Unlike last year, however, Scott did not disclose the assets of the blind trust in the most recent report.
Judge Upholds Blind Trust Law, Allowing Gov. Scott to Shield Assets From Public
Critics say the device contradicts constitutional safeguards requiring Florida voters to be made aware of what a public official owns and how it might affect his or her decisions. Scott, who reported a net worth of $132.7 million as of the end of last year, is believed to be the only official using a blind trust.
Gov. Rick Scott’s Net Worth: $132.7 Million
Among the details in Scott’s financial disclosure, his Naples home and boathouse are worth $13.2 million, he owns 60 acres in Montana worth $1.4 million, and $43 million of his investments are tied to family investment firm RLSI-CSP Capital Partners in Naples.
Hiding Behind Barricades of Indifference as Income Disparities Corrode the Social Contract
The very rich, who are already less and less in touch with the lives of ordinary Americans, will further barricade themselves to avoid having to witness the decline of a country that is no longer about ensuring a decent standard of living for the greatest number of people.