Why Billionaires Pay So Little Tax

The United States and Israel continued to strike Iran with missiles for a second day on Sunday, destroying more power centers of the Iranian regime and, according to rights groups, bringing the civilian death toll over 100. Iran responded with retaliatory attacks. At the same tim ...  Show more

The United States and Israel on Saturday launched an attack against Iran, killing the nation’s supreme leader, Ayatollah Ali Khamenei, and, according to Iranian state media, several people in the country’s leadership structure. The New York Times journalists Mark Mazzetti and Dav ...  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