After ProPublica's Secret IRS Files showed how the richest avoid taxes — often by minimizing income and relying on their wealth — the Biden administration unveiled a plan that could raise hundreds of billions in tax revenues. Its fate is uncertain.
by Paul Kiel, Jesse Eisinger and Jeff Ernsthausen
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In the early 1900s some of the wealthiest Americans claimed their fortunes would never last through the generations. A century of tax avoidance later, the dynasties are going strong.
by Patricia Callahan, James Bandler, Justin Elliott, Doris Burke and Jeff Ernsthausen
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Donald Trump and other ultrarich Americans have earned billions, but they’ve also managed to repeatedly avoid paying any federal income tax by claiming huge losses on their businesses.
by Jeff Ernsthausen, Paul Kiel and Jesse Eisinger
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IRS records reveal how Gov. Jim Justice, Gov. Jared Polis, former Education Secretary Betsy DeVos and other wealthy political figures slashed their taxes using strategies unavailable to most of their constituents.
by Ellis Simani, Robert Faturechi and Ken Ward Jr.
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Owners like Steve Ballmer can take the kinds of deductions on team assets — everything from media deals to player contracts — that industrialists take on factory equipment. That helps them pay lower tax rates than players and even stadium workers.
by Robert Faturechi, Justin Elliott and Ellis Simani
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Roth IRAs were intended to help average working Americans save, but IRS records show Thiel and other ultrawealthy investors have used them to amass vast untaxed fortunes.
by Justin Elliott, Patricia Callahan and James Bandler
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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.
by Jesse Eisinger, Jeff Ernsthausen and Paul Kiel
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