DoomsdaysCW<p>This will only get worse with <a href="https://kolektiva.social/tags/Oligarchs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Oligarchs</span></a> running the clown show.</p><p>How <a href="https://kolektiva.social/tags/Billionaires" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Billionaires</span></a> Have Sidestepped a Tax Aimed at the <a href="https://kolektiva.social/tags/Rich" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Rich</span></a></p><p><a href="https://kolektiva.social/tags/WallStreetFinanciers" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>WallStreetFinanciers</span></a> 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. </p><p>by Paul Kiel<br>Dec. 18, 2024</p><p>"'It becomes a pretty glaring problem when you have <a href="https://kolektiva.social/tags/UltraRich" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>UltraRich</span></a> individuals layering loopholes on top of loopholes to dodge both the <a href="https://kolektiva.social/tags/NIIT" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>NIIT</span></a> and <a href="https://kolektiva.social/tags/Medicare" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Medicare</span></a> taxes,' said Sen. Ron Wyden, chair of the Senate Finance Committee, in a statement. 'To the nurse or the janitor whose taxes come straight out of their paychecks, it’s ridiculous to see these examples of fabulously wealthy individuals enjoying huge windfalls and continuing to avoid paying a fair share.'"</p><p>Read more:<br><a href="https://www.propublica.org/article/billionaires-net-investment-income-tax?utm_source=firefox-newtab-en-us" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">propublica.org/article/billion</span><span class="invisible">aires-net-investment-income-tax?utm_source=firefox-newtab-en-us</span></a></p><p><a href="https://kolektiva.social/tags/EatTheRich" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>EatTheRich</span></a> <a href="https://kolektiva.social/tags/Oligarchy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Oligarchy</span></a> <a href="https://kolektiva.social/tags/USPol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USPol</span></a><br><a href="https://kolektiva.social/tags/USPol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USPol</span></a> <a href="https://kolektiva.social/tags/Corporatocracy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Corporatocracy</span></a><br><a href="https://kolektiva.social/tags/CorporateFascism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>CorporateFascism</span></a> <a href="https://kolektiva.social/tags/StillSanders" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>StillSanders</span></a> <a href="https://kolektiva.social/tags/EndCitizensUnited" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>EndCitizensUnited</span></a> <a href="https://kolektiva.social/tags/WealthInequality" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>WealthInequality</span></a></p>