Blockbuster reporting from my colleagues at ProPublica this week that uses newly revealed IRS records to document how the richest individuals pay a vanishingly small portion of their gains in taxes, especially income tax.
This reporting confirms what many have suspected but few have been able to prove with direct evidence, and highlights stark structural inequality in the American tax system. For more about the decision-making that drove the publication of this material, this write-up from our bosses is also worth your time.
I’m very proud to have played my own small part in helping get this one launched. All credit to the truly talented reporters, editors, and specialized teams that put this remarkable work together.