Billionaires are using a loophole to avoid Medicare taxes. Closing it — and eliminating other ways around the tax for wealthy business owners — could raise more than $250 billion over 10 years for the program.<a href="[link removed]><img src="[link removed]" alt="" border="0" /></a>

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The Big Story
December 11, 2024 · View in browser <[link removed]>

In today's newsletter: How Wall Street billionaires avoid paying <[link removed]> Medicare taxes and more from our “Secret IRS Files <[link removed]>” series; look up the formaldehyde cancer risk <[link removed]> in your neighborhood; and more from our newsroom.

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How a Decades-Old Loophole Lets Billionaires Avoid Medicare Taxes <[link removed]>

Some of Wall Street’s richest and most powerful figures are using a legal loophole to avoid paying millions of dollars in taxes earmarked for health care, a ProPublica investigation found.

Read story <[link removed]>

 
The Secret IRS Files

 

The Secret IRS Files <[link removed]>
Read more from our investigation into the tax records of the .001%

Trove of Records Reveal How the Wealthiest Avoid Income Tax <[link removed]>

How Tech Mogul Peter Thiel Turned a Retirement Account for the Middle Class Into a $5 Billion Tax-Free Piggy Bank <[link removed]>

How Sports Owners Use Their Teams to Avoid Millions in Taxes <[link removed]>

Explore the series <[link removed]>

 
🔎 Look up your address

 
map showing NYC block <[link removed]>

What’s the Formaldehyde Cancer Risk in Your Neighborhood? <[link removed]>

Formaldehyde is emitted from cars, trucks, planes, industrial facilities and many other sources. It’s also formed in the atmosphere when other chemicals combine in the presence of sunlight. Even if you don’t live in a high-traffic area or an industrial zone, the geography and climate of your area could increase your cancer risk from formaldehyde because of this so-called secondary formation.

Our new lookup tool allows anyone in the country to understand their outdoor risk from formaldehyde. Search for your address <[link removed]> to see risks from the chemical on your block and where it comes from.

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More from the newsroom

 

An Open Letter to Elon Musk <[link removed]>

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Donald Trump Controls a Publicly Traded Company. Now He Will Pick Its Regulator. <[link removed]>

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Sign Up to Screen Our New Documentary About Stillbirths <[link removed]>

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How to Reduce Formaldehyde Exposure in Your Home <[link removed]>

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How Much Formaldehyde Is in Your Car, Your Kitchen or Your Furniture? Here’s What Our Testing Found. <[link removed]>

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