All those millions that America’s billionaires are pouring into super PACs, where do they come from? We can trace a huge chunk of that political cash to the truly massive tax cuts our richest now enjoy.
America’s super rich, new IRS income data show, partied on right through the depth of the Great Recession. And they shared precious little of their good fortune with Uncle Sam.
Never before, at least not in the lifetime of any American now living, have so few made so much at the expense of so many. A look at just-released IRS data at the staggeringly high incomes of our top 400.
Our new White House has begun a counterattack against America’s grand divide between the rich and everyone else. But we face, new stats from the IRS make clear, a dramatically uphill battle.