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Rolling Stone ProPublica Investigation Proves Billionaires Won the Class War The public-interest news organization has obtained tax information on the wealthiest Americans, and how little they pay the IRS By Dennis Van Tine/MediaPunch/IPx/AP; Wil R/STAR MAX/IPx/AP; Nati Harnik/AP Anyone living in America knows that billionaires don’t pay their fair share in taxes. But extraordinary new documents obtained by ProPublica prove it in never-before-seen detail. The public-interest news organization has secured a massive trove of private tax information about some of the richest p...

Trump, being Trump, naturally blamed Hillary. “If you want to change the laws, you've been there a long time, change the laws,” he replied. “But I take advantage of the laws of the nation because I'm running a company.” Amazon, one of the biggest companies in the world, reportedly has not paid federal taxes in recent years. Neither have FedEx, Nike, and other major corporations. So now, Joe Biden is doing the very thing Trump suggested – changing the laws so corporations and billionaires can’t keep shirking their financial obligations. But Republicans, who profess love for the wor...

Meet the man who will succeed Warren Buffett at Berkshire Hathaway Updated on: May 3, 2021 / 6:33 PM / CBS/AP Berkshire Hathaway loses $50B in first quarter Warren Buffett said that Greg Abel, a top lieutenant of his for many years and an energy executive, will succeed him as the next CEO of Berkshire Hathaway, the insurance conglomerate that Buffett has run for more than half a century.  Buffett confirmed the succession plan Monday to CNBC after Berkshire Vice Chairman Charlie Munger let it slip during the company's annual meeting on Saturday. Buffett did not immediately respond to...

'Time to pay up': Venture capitalists spar over Biden's plan to raise taxes Cyrus Farivar © Melina Mara Image: Vice President Kamala Harris and Speaker of the House of Representatives Nancy Pelos applaud as President Joe Biden addresses a joint session of Congress at the U.S. Capitol on April 28, 2021. (Melina Mara / AFP - Getty Images) President Joe Biden’s pledge to pay for his comprehensive child care and infrastructure packages by raising taxes on the wealthy is creating battle lines among venture capitalists. Even before a specific bill has been formally introduced, ...