the church pastor hopes it will inspire people to pay it forward some day. it s a miracle. at their annual holiday party this past weekend, nearly 200 employees of st. john s property received a very big gift. you re all receiving a bonus based on ta number of years of nearly $10 million. the bonus depends on years of service, but the average employee receives $50,000. they were hugging and crying. the money is on top of their regular annual year-end bonuses. speaking of big bonuses, gerrit cole is a very rich new york yankee this morning. the highly coveted free agent pitcher has agreed to a record-shattering nine-year deal worth $324 million.
we say to america 125 million, none shall be too big, none shall be too poor. i think he had a drink before that speech. but there s a reason this idea s coming back. the 26 richest people on the plannest own as much wealth as half the u.s. population. it s estimated that the top 1% control 40% of the nation s wealth. and here s a specific example of why people think the system s rigged. noc times looked as jared kushner arizona finances fund despite a net worth of 324 million, he likely paid little or no federal income tax during the obama years. and it was all legal. that helps explain why warren isn t propose ang come tax hike but a wealth tax on total assets. but total wealth is difficult to track and calculate. france bailed on the practice after 60,000 millionaires fled the country. the super rich are the ones most able to game the system or relocate. and that s why warren wants to hire a boatload of tax auditors
all right all of the new congress members are waiting until january. they can finally take their seat. hey they have a lot of snow in d.c. yesterday too. d.c. got slammed as well. the whole southeastern seaboard white out there jillian you want to comment on that. [laughter] police officers in new york can to the arrest illegal immigrants for the fed. the judge ruling that they must now have a judicial warrant the decision is based on a case about immigrant who overstayed his visa. police arrested man with container after judge released him for separate fine and officers broke the the law by honoring that detainer. the the trump administration gives green light it a new border wall in arizona. a montana company will replace a 32 mile long barrier upgrade existing fencing construction on 324 million dollar project will begin in april. no i it is time for god and bad
politicians like gavin newsom talk about change, but they ve done nothing. sky-high gas and food prices. homelessness. gavin newsom, it happened on your watch. so, yeah. it is time for a change. time for someone new. extensive reporting reveals jared kushner may have avoided paying income tax for years. the president s advisers son-in-law appears to have paid almost nothing to the government between 2009 and 2016. in that time his own personal net worth grew to almost 324 million. we want to know how he did it. according to the times, family s
review them and consulted with experts to figure out what they meant. i have a lot of this stuff highlighted. to the network, it is increased to nearly $324 million in just this last decade, but you re reporting it appears to have avoided the federal taxes. the article says, nothing in the documents suggest mr. kushner or his company broke the law. so put that together. is that possible? why don t i talk about what the documents show. okay. basically the most interesting takeaway that we reported on today is that for probably five out of the last eight years and possibly the entire period of time jared kushner appears to have paid little to no federal income taxes. in five of those years it s likely he paid no federal income taxes at all. what is driving that is the tax code has enormous benefits for