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Jeff Bezos claimed a $4,000 child tax benefit in 2011, despite being worth billions.Credit.John Locher/Associated Press
Tax and the .001 percent
The fallout from ProPublica’s bombshell report about billionaires’ tax bills is just beginning. The news outlet obtained tax records for the nation’s 25 richest people, which show that they paid $13.6 billion in federal income taxes between 2014 and 2018, or about 16 percent of their reported income over that period and a very, very small sliver of their wealth.
What’s revelatory about the scoop is that it provides never-before-seen details of specific billionaires’ tax bills, or lack thereof. Some of the jaw-droppers in the report:
By Patrick Kernan pkernan@timesleader.com
Gerrity’s Supermarkets vice president and co-owner Joe Fasula stands outside the store in Hanover Township in this file photo. ‘The only comfort is knowing that we’re not alone,’ Fasula said of the chain’s struggle to find workers as the economy heats up.
Times Leader file photo Listen to this
It’s no secret that, around the nation, many businesses are struggling to find staff.
And while the reasons are multifaceted a quick look at the comments you’ll likely see under this article on our website will show some believe it’s because “nobody wants to work anymore,” while others will argue it’s being caused by a reevaluation of American labor the problem remains: many positions are going unfilled.
Only about 52% of the U.S. public says they have trust in the U.S. Centers for Disease Control and Prevention, according to a recent Robert Wood Johnson Foundation/Harvard T.H. Chan School of Public Health poll.1 After the year we've just had,.