Why Billionaires Pay So Little Tax

Why Billionaires Pay So Little Tax

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Can we make the super-rich pay more tax?
The Inquiry

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

NY Times: Trump paid no income taxes in 10 out of 15 years beginning in 2000
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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

Trump's taxes
Business Daily

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

The Young Turks 01.22.18: Ryan Bribe, Income Inequality, Restaurant CEO, and Minimum Wage
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A portion of our Young Turks Main Show from January 22th, 2018. For more go to http://www.tytnetwork.com/join.Hour 1: Just days after the House passed its version of the federal tax law slashing corporate tax rates, House Speaker Paul Ryan collected nearly $500,000 in campaign co ...  Show more