Secret IRS documents reveal how billionaires exploit the tax code
Podcast |
Radio Times
Publisher |
WHYY
Media Type |
audio
Categories Via RSS |
News
Publication Date |
Jun 10, 2021
Episode Duration |
00:49:29

We discuss ProPublica's report on how America's billionaires avoid paying income tax and examine the uneven economic recovery and growing income inequality.

A new ProPublica investigation of some of the wealthiest Americans’ federal tax documents shows how the rich pay very little income tax, sometimes none at all. The documents leaked to the investigative news organization include those of billionaires like Jeff Bezos, Warren Buffet, Mark Zuckerberg and Elon Musk and detail the ways they “exploit” the tax code. We start the hour talking with ProPublica’s JESSE EISINGER, an author on “The Secret IRS Files” report, about what they found, how the rich avoid paying their fair share, and what it reveals about inequities in our tax code. Then, we examine the uneven economic recovery and the pandemic’s impact on income inequality and the racial wealth gap. Our guest is VALERIE WILSON from the Economic Policy Institute.

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