Jeff Ernsthausen is a data reporter at ProPublica. He previously worked on the investigative team at the Atlanta-Journal Constitution, where he investigated sexual abuse by physicians nation-wide, police misconduct in Georgia and evictions in metro Atlanta. Prior to his career in journalism, he studied history and economics and worked as a financial and economic analyst at the Federal Reserve.
The billionaire TikTok investor specializes in securities trades that are taxed at around 40%. A ProPublica analysis reveals how Yass and his partners have kept their tax rates at 20% or lower.
Susquehanna founder and TikTok investor Jeff Yass has avoided $1 billion in taxes while largely escaping public scrutiny. He’s now pouring his money into campaigns to cut taxes and support election deniers.
Secret IRS files reveal the top US income earners and how their tax rates vary more than their incomes. Tech titans, hedge fund managers and heirs dominate the list, while the likes of Taylor Swift and LeBron James didn’t even make the top 400.
After ProPublica's Secret IRS Files showed how the richest avoid taxes — often by minimizing income and relying on their wealth — the Biden administration unveiled a plan that could raise hundreds of billions in tax revenues. Its fate is uncertain.
In an interview, Senate Finance Chair Ron Wyden described the effect of the tax dodging revealed in “The Secret IRS Files” and argued that his stalled efforts to make the ultrawealthy pay what he calls “their fair share” could still bear fruit.
Senate Finance Chair to Billionaire Developers: Explain How Opportunity Zone Tax Break Is Helping the Poor
Citing ProPublica’s reporting, letters to Jorge Perez of Related, Kushner Companies and others request details on projects in opportunity zones created during the Trump administration.
In the early 1900s some of the wealthiest Americans claimed their fortunes would never last through the generations. A century of tax avoidance later, the dynasties are going strong.
Phyllis Taylor’s company is responsible for the longest-running oil spill in U.S. history. That’s been a disaster for the Gulf of Mexico — but a tax bonanza for Taylor.
Thoroughbred horses, auto racing, massive ranches, luxury hotels. The hobbies and side businesses of the ultrawealthy create huge write-offs that can let them get away with paying little or no income tax for as much as a decade at a time.
Donald Trump and other ultrarich Americans have earned billions, but they’ve also managed to repeatedly avoid paying any federal income tax by claiming huge losses on their businesses.
IRS records reveal that 18 billionaires and some 250 other ultrawealthy people received aid intended to help middle-class Americans.
Secret IRS records show billionaires use trusts that let them pass fortunes to their heirs without paying estate tax. Will Congress end a tax shelter that has cost the Treasury untold billions?
Calling ProPublica’s Secret IRS Files series a “bombshell,” Sens. Elizabeth Warren and Sheldon Whitehouse demanded an investigation into how the rich use “legal tax loopholes to avoid paying their fair share of income taxes.”
Tali Farhadian Weinstein, who donated $8 million to her own campaign, and her hedge fund manager husband paid nothing (or almost nothing) to the IRS four times in six years.
ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing.
ProPublica started with a trove of private tax data — then analyzed those records, along with sources ranging from Forbes’ list of billionaires to publicly available information from the IRS, the Federal Reserve and more.
A new ProPublica analysis of a trove of IRS documents revealed that the richest 25 Americans pay a tiny fraction of their wealth in taxes. But even if you use the most conventional yardstick — income — the wealthiest still pay low rates.
The Trump Administration Allowed Aviation Companies to Take Bailout Funds and Lay Off Workers, Says House Report
Instead of using bailout money to keep workers, at least two companies restored the full pay of their top management.
After a pause for the pandemic, debt buyers are back in the courts, suing debtors by the thousands.
How the Trump Administration Allowed Aviation Companies to Keep Relief Money That Was Supposed to Go to Workers
One of the most generous programs of the bailout was meant to help airline industry companies keep their workers on the payroll. Some laid workers off first and then got the money anyway.