Billionaires’ income taxes are a tiny fraction of what they make, and get ready for a lot more spam texts

Billionaires’ income taxes are a tiny fraction of what they make, and get ready for a lot more spam texts
·2 min read

A former quantitative analyst for a global asset manager was charged with securities and wire fraud for allegedly using nonpublic information to commit insider trading that netted him more than $8.5 million in profit, according to a complaint unsealed Thursday in federal court. Billionaires’ income taxes are a tiny fraction of what they make, White House says. Rich families were moving fast to report capital gains in their 2020 tax returns ahead of potential rate increases proposed by Democrats.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting