Consider This from NPR - ProPublica’s ‘Secret IRS Files’ Unveil How Richest Americans Avoid Income Tax

The story made waves in Washington, D.C., this week: The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax. ProPublica obtained private tax data from America's 25 wealthiest individuals, which revealed exactly how those people manage, through legal means, to pay far less income tax than most Americans — and sometimes, none at all.

ProPublica senior editor and reporter Jesse Eisinger explains how it works to NPR's Rachel Martin.

After the story's publication, some lawmakers reacted with concern about the fairness of the tax code. Oregon Democrat Ron Wyden, who chairs the Senate Finance Committee, explains a proposal to make it more equitable. He spoke to NPR's Ailsa Chang.

Additional reporting on the history of the income tax from NPR's daily economics podcast The Indicator and Steven Weisman's 2010 appearance on All Things Considered.

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that will help you make sense of what's going on in your community.


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Motley Fool Money - Investors vs. Inflation

Despite increased fears about inflation the S&P 500 hits a new all-time high. Chewy, RH, and Marvell Technology all post better 1st-quarter results than Wall Street was expecting. Dave & Buster’s pops. Casey’s General Stores drops. Monday.com makes its public debut. Stitch Fix shows encouraging growth as it gets ready for a new CEO. Jason Moser and Ron Gross analyze those stories and share why Masimo and Accenture are on their radar. Plus, best-selling author and Nobel Prize-winner Daniel Kahneman shares insights from his new book, Noise: A Flaw in Human Judgment.

 

Interested in getting stock research delivered right to your email? Get 50% off Stock Advisor just by going to http://RadarStocks.fool.com.

 

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CrowdScience - Why do I have such a sweet tooth?

They say life is sweet. Well that’s certainly the case for CrowdScience listener Trevor in Poland who wonders why he can’t stop reaching for the cookie jar. He grew up drinking fruit juice with added sugar but wonders whether his genes could be as important as his environment when it comes to his sweet tooth, especially since his wife seem to be satisfied with mainly savoury snacks. The World Health Organisation says added sugar should constitute a maximum of 5% of our daily energy intake because it can contribute to diabetes, heart disease and obesity. But that’s tricky when you consider it’s now in everything from salad dressings, to savoury sauces.

Manufacturers have been promoting sugar alternatives for decades but recreating the unique taste and feel of it in the mouth are a challenge. Marnie Chesterton gets to try a brand new innovation – a so-called ‘rare’ sugar that has 70 percent of the sweetness but almost none of the calories. In nature, allulose is found in figs, but one producer has discovered a way to make it in the lab. Does it taste as good as it claims? Whilst switching to alternative sugars and sweeteners may reduce the calories, some researchers claim that tasting sweetness, wherever it comes from, can disrupt the body’s mechanism for regulating blood-sugar levels, increasing the risk for conditions like diabetes.

Presented by Marnie Chesterton and produced by Marijke Peters for the BBC World Service

CoinDesk Podcast Network - BREAKDOWN: An Interview With Bitcoin Beach, the Community That Inspired El Salvador to Adopt the Bitcoin Standard

Featuring Bitcoin Beach’s Mike Peterson. 

This episode is sponsored by Nexo.io.

On today’s episode, NLW is joined by Mike Peterson, director of Bitcoin Beach. Bitcoin Beach is a community project in El Salvador that has spent the last two years helping individuals and companies integrate bitcoin into their daily lives and long-term habits. President Nayib Bukele cited Bitcoin Beach in inspiring El Salvador’s bitcoin legal tender law. 


In this interview, NLW and Mike discuss:

  • How he came to reside in El Salvador
  • How the bitcoin community project started
  • What drove community adoption at the beginning
  • How remittances and COVID-19 solidified the value of BTC to the community 
  • How bitcoin has changed how people think about investing 
  • How international bitcoiners such as Miles Suter and Jack Mallers got to know the project 
  • Where the project stands today (complete with 22 different community initiatives) 
  • How bitcoiners can get involved


Find our guest online:

Twitter: @Bitcoinbeach

Web: www.bitcoinbeach.com

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Nexo.io lets you borrow against your crypto at 6.9% APR, earn up to 12% on your idle assets, and exchange instantly between 100+ market pairs with the tap of a button. Get started at nexo.io.

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Image credit: Mike Peterson/Bitcoin Beach

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SCOTUScast - United States v. Palomar-Santiago – Post-Decision SCOTUScast

On May 24, 2021 the Supreme Court decided United States v. Palomar-Santiago. The issue was whether a defendant who was removed from the United States is automatically entitled to a defense of invalid removal where the crime underlying his removal is no longer a qualifying removal offense within his circuit.
In a 9-0 opinion authored by Justice Sotomayor, the Court reversed the ruling of the Court of Appeals for the Ninth Circuit and remanded the case. The Supreme Court held, “Each of 8 U.S.C. § 1326(d)’s statutory requirements for bringing a collateral attack on a prior deportation order is mandatory.”
Brian Fish, Special Assistant to the United States Attorney in Baltimore, MD, joins us today to discuss this decision and its implications.

Stuff They Don't Want You To Know - In-Q-Tel: The CIA Gets Into Venture Capital

It's true -- back in 1999, the CIA founded its own venture capital investment firm. Unlike other, similar businesses, In-Q-Tel doesn't really need to make a profit, and their portfolio isn't particularly diverse. But they do invest, and if you can get their attention, you can get the budget of your dreams. So what exactly is this thing, and why does it have some people worried?

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