On Monday, Tax Day 2022, United States Senator Elizabeth Warren (D-Mass.), a member of the Senate Finance Committee, and Representatives Brad Sherman (D-Calif.) and Katie Porter (D-Calif.), sent a letter to Intuit, the maker of TurboTax, calling out what the lawmakers say are the company’s “unethical use of the revolving …
Read More »Report: 25 Richest Americans Have “True Tax Rate” Of Almost Nothing
A report from ProPublica, an investigative newsroom, reveals that the richest 25 people in the United States have a “true tax rate” of almost nothing. The nonprofit organization received IRS data from an unidentified source. “Looks like the biggest tax story of the year, if not the decade,” Gabriel Zucman, …
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