Billionaires pay almost no tax in the US, but the question is who leaked – 06/08/2021 – Nelson de Sá

“The most important report that ProPublica has ever done”, he described Richard Tofel, the president of the organization, an “independent newsroom” created 14 years ago and which has already received five Pulitzer Prizes.

With the illustration below, “vast” US Revenue reports from 2014 to 2018 “show that billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little tax for their immense wealth.”

Several “didn’t pay any tax for years — George Soros three times, Bezos and Carl Icahn twice, Musk and Michael Bloomberg once. In one year, Bezos even claimed a $4,000 child credit.”

ProPublica echoed in headlines such as “Wealthier Americans paid little or nothing in income tax” in the New York Times and “Bezos, Buffett & Co. paid almost no income tax” in the German Frankfurter Allgemeine Zeitung.

It was different in the Financial Times and especially in the Wall Street Journal. “US Investigates Leak Showing Billionaires Pay Low Tax,” headlined the first.

No WSJ, “IRS [a Receita] investigates the release of tax information of wealthy Americans.” Without saying what it is, he pointed out, the director of the IRS, which was “confidential information, and there are criminal penalties for an employee who discloses”.

He also questioned the value of the report, saying it was “a controversial but well-known feature of the US income tax system — that people can accumulate significant wealth as their companies grow, but report relatively little revenue if they don’t sell shares or receive dividends”.

ProPublica’s “richest 25” list includes Rupert Murdoch, the owner of the WSJ.

NYT APPEALS TO CONGRESS

In reaction to the “secret processFrom the Joe Biden administration to find sources for his reporting, the NYT has turned to looking for allies, now in an editorial: “It is imperative that Congress pass legislation that protects reporters from revealing their sources.”

KAMALA HARRIS SETS FIRE

On tour in Latin America, Biden’s deputy threatened immigrants (“Don’t come”) and is now even being questioned by the NBC network, face to face. And heard the congresswoman’s harshest response Alexandria Ocasio-Cortez, remembering:

“The US has spent decades contributing to regime change and destabilization in Latin America. We can’t help burning someone’s house and then blaming them for running away.”

On the other hand, the leader of the Italian extreme right, Matteo Salvini, began to defend it from the criticisms “from the left”.

EVANGELICAL SCANDAL

The new edition of The New Yorker magazine covers at length “The murder that scandalizes the evangelical church in Brazil”, listening to Congresswoman Flordelis and Minister Damares, among others, to portray “a movement that is reshaping Brazil, by merging politics, religion and entertainment”.

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