Great article on leaked IRS (american tax authority) documents demonstrating how american billionaires are able to completely avoid any taxes.
Buffett and his fellow billionaires have known this secret for a long time. As Buffett put it in 2011: “There’s been class warfare going on for the last 20 years, and my class has won.”
@rra and the kicker is that the irs is going after the leakers, not that that's unexpected nor without precedent after all... established power structures seek to retain power after all
@mrufrufin Well in a contextualizing article ProPublica discusses how the source is unknown and, although there is no direct indication, the data might have been acquired through a state-sponsored hack: https://www.propublica.org/article/why-we-are-publishing-the-tax-secrets-of-the-001
I guess the tax agency is trying to find out as well, and they should. Wouldn't paint them as a bogeyman perse. As the article shows, they operate within the limits of how their task is defined. The point is to change the definition of the task and to direct frustration towards those that have defined the current task which lets so many of the ultra wealthy off the hook.
@rra Thought this would just be more doomscrolling but the history of the US tax system was very enlightening.
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