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Friday, July 26, 2024

The Ultrawealthy Are Sitting On $8.5 Trillion In Untaxed 2022 Profits: Report

Thanks to a tax code slanted toward billionaires and centimillionaires, the government is missing out on huge sums that could help fund critical programs. Americans worth more than $100 million sat on a whopping $8.5 trillion in untaxed profits in 2022, a report released Wednesday found — money that …

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