#wealthy-individuals

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Truthout
2 days ago
Business

IRS Finds Trump Used Dubious Accounting Maneuver to Claim Improper Tax Breaks

Wealthy individuals use strategies to minimize personal tax bills, possibly to nothing. [ more ]
time.com
2 weeks ago
Business

IRS Acts to Address Wide Disparity in Audit Rates Between Black Taxpayers and Other Filers

The IRS is addressing audit rate disparities by focusing on wealthy individuals and major companies while aiming for fair, equitable, and effective tax administration. [ more ]
www.nytimes.com
3 hours ago
US news

David Trone Torched $60 Million of His Own Money. He's Not the Only One.

Wealthy individuals investing large sums in political campaigns do not guarantee success. [ more ]
Miami Herald
1 month ago
Miami

Who else lives on Star Island besides Diddy? Let's look inside the South Beach enclave

Diddy's mansion raided as part of sex-trafficking investigation
Presence of wealthy and famous individuals in Star Island [ more ]
The Nation
2 months ago
Social justice

The IRS Finally Takes the Gloves Off

IRS crackdown on personal use of corporate jets as business expense
Increased scrutiny on wealthy individuals filing returns over $1 million per year [ more ]
www.theguardian.com
2 months ago
UK politics

The Tory press can publish all the tax avoidance guides they like - the rich won't flee a Labour government | Polly Toynbee

The article discusses how the wealthy are considering leaving the UK if Labour wins the next election.
It highlights the misinformation spread about Labour's tax policies affecting not just the super-rich but also the middle class. [ more ]
Truthout
3 months ago
Left-wing politics

IRS Estimates $561B Tax Revenue Rise With Crackdown on Corporations and the Rich

The IRS could collect up to $561 billion in additional tax revenue between 2024 and 2034, thanks to increased funding and new initiatives enabled by the 2022 Inflation Reduction Act.
If lawmakers renew and expand the IRA funding, the IRS could collect an additional $851 billion in tax revenue over the next decade.
The increase in funding for the IRS is directly attributed to the $80 billion passed by Democrats, which Republicans opposed. [ more ]
New York Post
3 months ago
Left-wing politics

California Democratic congressman who wants rich to pay 'fair share' in taxes has offshore accounts

Rep. Josh Harder, a California Democrat, holds stakes in two funds based in the Cayman Islands, a tax haven.
This revelation comes after Harder publicly advocated for stricter tax policies for wealthy individuals. [ more ]
www.mediaite.com
5 months ago
Left-wing politics

Joe Scarborough Blasts Biden Deniers' Who Bitch and Whine' After Raking in Millions from Record Economy

MSNBC's Joe Scarborough coins the term 'Biden deniers' for wealthy individuals who complain about President Biden's economic policy despite benefiting from it.
Scarborough criticizes these individuals for making millions of dollars in Biden's economy while simultaneously criticizing it. [ more ]
www.nytimes.com
5 months ago
Environment

Opinion | Bill Gates: Fighting Climate Change Should Be Affordable. The Rich Can Make It So.

There are two dominant schools of thought on climate change: one that says the future is hopeless, and one that says we have all the solutions. Both are wrong.
To overcome climate change, we need the support of wealthy individuals, companies, and countries to ensure green technologies are affordable for everyone, especially in large emitting countries. [ more ]
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