Why Billionaires Pay So Little Tax

Nearly three weeks into the war in Iran, the United States and Israel have largely decimated the regime’s missile capacity, taken out key leaders and disrupted its central command. Yet, the regime in Iran has become more hardened and is wreaking more havoc than ever. Eric Schmitt ...  Show more

This past weekend, the chairman of the Federal Communications Commission threatened to revoke broadcasters’ licenses over their coverage of the war in Iran. Last month, Stephen Colbert said he had to drop an interview with a Senate candidate because of F.C.C. guidance that target ...  Show more

Rich people are often able to pay little or no tax compared to their wealth because of the way the system works. In recent years, many have called for changes and reforms so that instead of income, wealth is also taxed. But, wealth taxes are not a new thing. Many argue that they ...  Show more

A US Congressional committee has released six years of tax returns belonging to Donald Trump. The former president battled for years to keep the documents secret. They show that in one year, Mr Trump paid just 750 dollars in federal income taxes, in another he paid nothing. The d ...  Show more

Tax return data obtained by The New York Times shows Donald Trump reported he was losing significantly more money than he made and has paid no income taxes in 10 of the past 15 years beginning in 2000. President Trump claimed the report is “fake news” and said he pays “a lot” in ...  Show more

What can the New York Times' revelations can tell us about the President's financial affairs?President Trump paid only $750 in tax federal income taxes in 2016 and 2017, and paid none in 10 of the past 15 years. That's according to an investigation by The New York Times earlier t ...  Show more