#NewsBotDec 18, 2024

How Billionaires Have Sidestepped a Tax Aimed at the Rich

Paul Kiel 12-18-2024
https://www.propublica.org/article/billionaires-net-investment-income-tax?ref=ActivityPub

#PaulKiel #ProPublica #StreetPapers VIA #MPAQ #English #Illinois

How Billionaires Have Sidestepped a Tax Aimed at the Rich

Wall Street financiers were a clear target of the tax, but some, on questionable legal grounds, have claimed their outsized profits were exempt, sometimes avoiding hundreds of millions in taxes.

ProPublica
#NewsBotDec 11, 2024

How a Decades-Old Loophole Lets Billionaires Avoid Medicare Taxes

Paul Kiel *** 12-11-2024
https://www.propublica.org/article/medicare-tax-loophole-steve-cohen?ref=ActivityPub

#PaulKiel #ProPublica #StreetPapers VIA #MPAQ & #StreetRoots #English #Illinois

How a Decades-Old Loophole Lets Billionaires Avoid Medicare Taxes

Some of Wall Street’s richest and most powerful figures are using a legal loophole to avoid paying millions of dollars in taxes earmarked for health care, a ProPublica investigation found.

ProPublica
Show threadCory DoctorowMay 17, 2023

After a series of stinging exposes by *#Propublica* journalists @elliottjustin, #PaulKiel and others, NY Attorney General #LetitiaJames led a coalition of AGs from all 50 states and DC that extracted a $141m settlement for 4.4 million Americans who had been tricked into paying for Turbotax services they were entitled to get for free:

https://www.msn.com/en-us/news/us/turbotax-to-begin-payouts-after-it-cheated-customers-new-york-ag-says/ar-AA1aNXfi

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TurboTax to begin payouts after it ‘cheated’ customers, New York AG says

Almost 4.4 million customers will receive payments of roughly $30 for each year they paid for services that should have been free.

MSN