U.S. Agencies Investigate Leaks of Tax Records of Richest Americans Inequality news

ProPublica published a report based on data from the Internal Revenue Service, which showed that billionaires, including Amazon founder ff Bezos and Tesla founder Elon Musk, have not paid federal income taxes for several years. :

The US Treasury Department has asked law enforcement to investigate the revelation of tax records cited in a media report that show that the richest people in the US did not pay some income tax, US officials said on Tuesday.

The American media outlet ProPublica said it had obtained “a huge amount of data from the Internal Revenue Service on the tax returns of thousands of the richest people in the country, covering more than 15 years.” The data show that billionaires, including Amazon co-founder ff Bezos and Tesla co-founder Elon Musk, have not paid federal income taxes for several years.

White House spokesman En Psaki said any “unauthorized disclosure of government classified information” was illegal.

Finance Ministry spokeswoman Lily Adams said in an e-mail that the matter had been referred to the FBI, federal prosecutors and two internal treasurer overseers, “all of whom have independent powers of inquiry.”

The IRS, which is part of the Treasury Department, is the country’s tax collector; many tax records are considered confidential. IRS Commissioner Charles Retig also confirmed that an investigation was under way.

“Obviously we take it very seriously,” Psaki said at the briefing.

ProPublica described the posts as “confidential” and did not say how they were obtained.

President Biden is seeking to raise taxes on the rich to help fund infrastructure and social spending, including raising the tax rate by 39.6% from the current 37%, almost doubling the capital gains tax rate for Americans working at 39.6%. $ 1 million per year or more.

“We know there is more to be done for corporations [and] “Those with the highest incomes pay their fair share more,” Psaki said.

Ratig addressed the issue while testifying before the Senate Finance Committee.

“I can not say anything about specific taxpayers. “I can confirm that there is an investigation into allegations that the source of the information in that article came from the Internal Revenue Service,” Retig said.

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