To capture the financial reality of the richest Americans, ProPublica compared how the 25 richest Americans paid in taxes each year to how much Forbes estimated their wealth grew in that same time period. Groundbreaking analysis.
propublica.org/article/the-se…
propublica.org/article/the-se…
https://twitter.com/KUOWRoss/status/1402304897085632513
ProPublica asked every person whose tax information is described to comment; “all said they had paid the taxes they owed.” Which is true by the letter of the law but not by any concept of fairness or morals.
As the @nytimes notes: the US tax system is rigged in its emphasis on taxing labor differently (more harshly) than it does income from wealth. We need a wealth tax for expediency + increase in corporate rates (I’d take Reagan’s) but we truly need overhaul.
This is clearly in the public interest:
https://twitter.com/dicktofel/status/1402191404139483137
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