Despite the AG’s evident passion on maintaining the sanctity of the rich’s tax returns, it seems officials are already on the case – namely IRS Commissioner, Charles Rettig. “He said that their inspectors were working on it, and I’m sure that that means it will be referred to the Justice Department,” Garland explained. “This was on my list of things to raise after I finished preparing for this hearing.” Mr. Garland, if you’re reading this, I know I may be a constant source of embarrassment for our mutual alma mater – Niles West High School – but you’re really giving me a run for my money with this nonsense.
The report, which aims to dispel the long-running myth “that everyone pays their fair share and the richest Americans pay the most,” claims that through a series of legal loopholes – namely the fact that intangible assets, like stock earnings and increases in property value, are not taxable – some of America’s richest business people have been paying much less than what some say they should to Uncle Sam. While ProPublica has stayed tight-lipped on how, exactly, they obtained these documents illustrating this phenomenon, which they claimed they received in “raw form, with no conditions or conclusions,” the information included seemingly passed a reportedly rigorous fact-checking process. “In every instance we were able to check — involving tax filings by more than 50 separate people — the details provided to ProPublica matched the information from other sources,” they explained.
That said, as tax information is usually meant to stay confidential, the individuals who provided the documents to the news outlet could face “criminal liability,” CNBC noted.
So remember, folks — Evading taxes through legal loopholes? Right on! Leaking tax information allegedly depicting billionaires doing allegedly shady things? Shame on you!
For more internet nonsense, follow Carly on Instagram @HuntressThompson_ on TikTok as @HuntressThompson_, and on Twitter @TennesAnyone.
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