Senior Editor and Reporter
Jesse Eisinger is a senior editor and reporter at ProPublica. He is the author of the “The Chickenshit Club: Why the Justice Department Fails to Prosecute Executives.”
In April 2011, he and a colleague won the Pulitzer Prize for National Reporting for a series of stories on questionable Wall Street practices that helped make the financial crisis the worst since the Great Depression. He won the 2015 Gerald Loeb Award for commentary. He has also twice been a finalist for the Goldsmith Prize for Investigative Reporting.
He serves on the advisory board of the University of California, Berkeley’s Financial Fraud Institute. And he was a consultant on season three of the HBO series “Succession.”
He was a regular columnist for The New York Times’s Dealbook section. His work has appeared in The New York Times, The Atlantic, NewYorker.com, The Washington Post, The Baffler, The American Prospect and on NPR and “This American Life.” Before joining ProPublica, he was the Wall Street Editor of Conde Nast Portfolio and a columnist for the Wall Street Journal, covering markets and finance.
He lives in Brooklyn with his wife, the journalist Sarah Ellison, and their daughters.
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.
Taxing billionaires on their wealth may sound novel, but the ideas behind it are already frequently used in the tax code.
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.”
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.
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.
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.
Like them or revile them, federal agencies seem poised to regain some of their traditional powers under the new administration. But it’s not clear how far President Biden wants them to go.
Two years after the Trump administration walked away from charging Walmart criminally for its role in the opioid crisis, the DOJ is back, making the same claims but seeking softer penalties.
The economy is in free fall but Wall Street is thriving, and stocks of big private equity firms are soaring dramatically higher. That tells you who investors think is the real beneficiary of the federal government’s massive rescue efforts.
States and counties suing the giant retailer over its drug sales accused it in court of failing to hand over huge quantities of documents — including about the criminal case — whose existence was revealed in a recent ProPublica investigation.
As the government rushes to aid the economy, how that’s done, who benefits and who is left behind matter. So far, the signs are ominous.
Even as company pharmacists protested, Walmart kept filling suspicious prescriptions, stoking the country’s opioid epidemic. A Republican U.S. Attorney in Texas thought the evidence was damning. Trump’s political appointees? Not so much.
After an article by ProPublica and American Banker examining how the DOJ softened settlements with RBS and Barclays, the presidential candidate blasts settlements that let banks “evade accountability.”
After talks with well-connected lawyers for Barclays and Royal Bank of Scotland, senior Justice Department officials in Washington last year told career prosecutors who’d been investigating the banks’ misdeeds to settle for less than they wanted.
Until the budget-starved agency is restored, corporations and the wealthy will easily fend off attempts to increase the rates they pay.
Si usted reclama el crédito por ingreso del trabajo (Earned Income Tax Credit – EITC), cuyo beneficiario promedio gana menos de $20,000 dólares anuales, tiene una mayor probabilidad de enfrentarse a un escrutinio de parte del IRS comparado con alguien que gane veinte veces más. ¿Cómo es que un beneficio para los trabajadores pobres se ha estado ejecutando en contra de ellos?
Ten years ago, the tax agency formed a special team to unravel the complex tax-lowering strategies of the nation’s wealthiest people. But with big money — and Congress — arrayed against the team, it never had a chance.
Bernie Sanders, Elizabeth Warren and three fellow senators say the agency should do more to tackle financial crimes, even in the face of crippling budget cuts.
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