U.S. Billionaires Saw $1 Trillion Wealth Boom in 2021 Alone
A new analysis shows that Sen. Ron Wyden's proposed tax on billionaires "would be more than enough to cover the expansion of the child tax credit in the Build Back…
These Billionaries Received Taxpayer-Funded Stimulus Checks During the Pandemic
IRS records reveal that 18 billionaires and some 250 other ultrawealthy people received aid intended to help middle-class Americans.
Democrats Urged to Seize ‘Historic Chance’ on Billionaire Wealth Tax
Following Sen. Kyrsten Sinema's objection to raising the corporate tax rate, the party has turned to Sen. Ron Wyden's proposal.
Climate-Change Transition in the Age of the Billionaire
The potential pitfalls of a Green New Deal are many. Just look at the lessons from recent history.
More Than Half of America’s 100 Richest People Exploit Special Trusts to Avoid Estate Taxes
Secret IRS records show billionaires use trusts that let them pass fortunes to their heirs without paying estate tax. Will Congress end a tax shelter that has cost the Treasury…
House Bill Would Blow Up the Massive IRAs of the Superwealthy
The proposed reform stems from a ProPublica story that detailed how PayPal founder Peter Thiel had amassed $5 billion, tax-free, in a Roth IRA. If the bill passes, Roth accounts…
Sanders Vows to Tax Billionaires Who Grew 62% Richer During Pandemic
The billionaire class is enjoying a massive windfall as working-class households are being crushed by COVID-19.
Secret IRS Files Reveal How Much the Ultrawealthy Gained by Shaping Trump’s “Big, Beautiful Tax Cut”
Billionaire business owners deployed lobbyists to make sure Trump’s 2017 tax bill was tailored to their benefit. Confidential IRS records show the windfall that followed.
Democratic Senators Call for Investigation of Tax Avoidance by the Ultrawealthy
Calling ProPublica’s Secret IRS Files series a “bombshell,” Sens. Elizabeth Warren and Sheldon Whitehouse demanded an investigation into how the rich use “legal tax loopholes to avoid paying their fair…
Sanders Denounces ‘Morally Obscene’ Wealth as Amazon CEO Jeff Bezos Steps Down
The Vermont senator renewed his bid to "tax the billionaires."
Lord of the Roths: How Tech Mogul Peter Thiel Turned a Retirement Account for the Middle Class Into a $5 Billion Tax-Free Piggy Bank
by Justin Elliott, Patricia Callahan and James Bandler / ProPublica This story was originally published on ProPublica. ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story…
Wealth Hoarding by ‘Silver Spoon Oligarchs’ Is Endangering U.S. Democracy: Report
America’s top 50 richest families doubled their combined total wealth in just one year.
The Secret IRS Files: Trove of Never-Before-Seen Records Reveals How the Wealthiest Avoid Income Tax
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…