Republicans Want Criminal Charges For Whoever Leaked Docs Showing Billionaires Paid No Income Tax


OPINION: This article contains commentary which reflects the author's opinion








An explosive report from earlier this month revealed that several of the riches figures in the world paid no income tax for many years.

An explosive report from ProPublica used 15-year’s worth of confidential IRS records to calculate the effective tax rate that billionaires pay on their fortunes.

Now, several top Republicans are demanding criminal charges for whoever leaked the information to ProPublica.

Senate Minority Leader Mitch McConnell as well as GOP Sens. Chuck Grassley and Mike Crapo sent a letter to Attorney General Merrick Garland and FBI Director Christopher Waray to demand those responsible be prosecuted and jailed.

They are demanding a criminal investigation into the leaking of confidential tax information, insisting that whoever was responsible be imprisoned.

“Our tax returns are, by law, confidential because of just this kind of shenanigans,” McConnell said.

“These people, ought to, whoever did this, ought to be hunted down and thrown into jail,” they said in the letter.

“Paying one’s taxes is a civic duty, and that duty requires taxpayers to disclose to the IRS deeply personal financial information, including where they live and work, how much they spend on healthcare and child care, and the size of retirement funds,” they said.

“But those compelled disclosures should not, and do not, make that financial information public. The rule of confidentiality is about more than just protecting individual privacy, although that is an important objective,” the GOP lawmakers added in their letter.

“The rule is a vital check against the use of the incredible power of federal taxation for nefarious political purposes,” They said.

IRS Commissioner Charles Rettig revealed last week that authorities had already launched an investigation.

Below are screenshots of a few of the wealthiest figures and what they paid in income tax:

Far-left billionaire George Soros also found himself in hot water after being exposed by the left-wing outlet.

The liberal outlet stated that between 2016 and 2018, Soros paid no income tax three years in a row.

Here are more specifics on Soros:

Advertisement

But the performance of Soros Fund Management, the fund responsible for Soros’ massive wealth, gained 5% in 2016, 8.9% in 2017, and 0.9% in 2018. Where exactly is the loss that they’re speaking of?

Back in 2017 Soros transferred $18 billion of his fortune to the Open Society Foundation charity that he controls. That guarantees that those funds will be sheltered from the IRS forever in what one commentator called the “single biggest tax dodge in U.S. history, yet no one on the right or left seems to have raised an eyebrow.”

The donation also allows Soros to deduct up to 20% of its market value on his personal taxes ($3.6 billion), which he can carry forward for five years, effectively giving him a double write off. That’s a more likely explanation for the lack of taxes paid, at least in the years 2017 and 2018.

Soros has spent years trying his best to fund liberal causes, leaders, and lawmakers so they can take over and run every facet of people’s lives.

A group funded by Soros funneled $300,000 into the crucial Georgia runoff elections to support Democrats Raphael Warnock and Jon Ossoff in the 2020 election.

The Democracy PAC, a super PAC founded by Soros, also reportedly infused $1.5 million into “Black PAC,” a radical progressive political committee that pushes African Americans to the polls for Democrats.

Last month, Soros donated $500 million to a private liberal arts college in New York that seeks to enrich “democratic discourse by training tomorrow’s thought leaders.”

Back to top button