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A massive trove of private financial records shared with The Washington Post exposes vast reaches of the secretive offshore system used to hide billions of dollars from tax authorities, creditors, criminal investigators and – in 14 cases involving current country leaders – citizens around the world. The revelations include more than $100 million spent by King Abdullah II of Jordan on luxury homes in Malibu, Calif., and other locations; millions of dollars in property and cash secretly owned by the leaders of the Czech Republic, Kenya, Ecuador and other countries; and a waterfront home in Monaco acquired by a Russian woman who gained considerable wealth after she reportedly had a child with Russian President Vladimir Putin. Other disclosures hit closer to home for U.S. officials. The files provide substantial new evidence, for example, that South Dakota now rivals notoriously opaque jurisdictions in Europe and the Caribbean in financial secrecy. Tens of millions of dollars from outside the United States are now sheltered by trust companies in Sioux Falls, some of it tied to people and companies accused of human rights abuses and other wrongdoing. The trove, dubbed the Pandora Papers, exceeds the dimensions of the leak that was at the center of the Panama Papers investigation five years ago. That data was drawn from a single law firm, but the new material encompasses records from 14 separate financial-services entities.
Note: Some have suggested that the CIA was responsible for the earlier Panama Papers leak. For more along these lines, see concise summaries of deeply revealing news articles on financial industry corruption from reliable major media sources.
The secret wealth and dealings of world leaders, politicians and billionaires has been exposed in one of the biggest leaks of financial documents. Some 35 current and former leaders and more than 300 public officials are featured in the files from offshore companies, dubbed the Pandora Papers. They reveal the King of Jordan secretly amassed Ł70m of UK and US property. They also show how ex-UK PM Tony Blair and his wife saved Ł312,000 in stamp duty when they bought a London office. The couple bought an offshore firm that owned the building. The leak also links Russian President Vladimir Putin to secret assets in Monaco, and shows the Czech Prime Minister Andrej Babis - facing an election later this week - failed to declare an offshore investment company used to purchase two villas for Ł12m in the south of France. It is the latest in a string of leaks over the past seven years, following the FinCen Files, the Paradise Papers, the Panama Papers and LuxLeaks. The examination of the files is the largest organised by the International Consortium of Investigative Journalists (ICIJ), with more than 650 reporters taking part. Some figures are facing allegations of corruption, money laundering and global tax avoidance. But one of the biggest revelations is how prominent and wealthy people have been legally setting up companies to secretly buy property in the UK. The documents reveal the owners of some of the 95,000 offshore firms behind the purchases.
Note: Read about the Panama Papers leak that previously shed light on the tax havens of the elite. For more along these lines, see concise summaries of deeply revealing news articles on financial corruption and income inequality from reliable major media sources.
Existing surveillance studies are not designed to reliably estimate life-threatening event or vaccine-induced fatality rates (VFR). Here, regional variation in vaccination rates was used to predict all-cause mortality and non-COVID deaths in subsequent time periods using two independent, publicly available datasets from the US and Europe. Results [suggest] 146K to 187K vaccine-associated US deaths between February and August, 2021. Comparing our estimate with the CDC-reported VFR (0.002%) suggests VAERS deaths are underreported by a factor of 20, consistent with known VAERS under-ascertainment bias. Comparing our age-stratified VFRs with published age-stratified coronavirus infection fatality rates (IFR) suggests the risks of COVID vaccines and boosters outweigh the benefits in children, young adults, and older adults with low occupational risk or previous coronavirus exposure. There is little to no evidence that vaccines reduce community spread and transmission. Vaccine mandates in workplaces, colleges, schools and elsewhere are ill-advised. The mandates are not based on sound science given the relatively low COVID risk in healthy middle-aged and young adults and growing evidence base for alternative prevention and early treatment options for COVID.
Note: See this webpage for information on the author of this study. Why has the media been all but silent on deaths and injuries from the vaccines? Read hundreds of personal stories of severe vaccine injury and death that are not being reported. And explore an excellent website which presents official VAERS information and in easily understandable format. For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines from reliable major media sources.
In 2017, the CIA had plotted to kidnap or assassinate Julian Assange, the founder of WikiLeaks, who had taken refuge five years earlier in the Ecuador embassy in London. A senior US counter-intelligence official said that plans for the forcible rendition of Assange to the US were discussed "at the highest levels" of the Trump administration. The informant was one of more than 30 US officials – eight of whom confirmed details of the abduction proposal – quoted in a 7,500-word investigation by Yahoo News into the CIA campaign against Assange. The plan was to "break into the embassy, drag [Assange] out and bring him to where we want", recalled a former intelligence official. Another informant said that he was briefed about a meeting in the spring of 2017 at which President Trump had asked if the CIA could assassinate Assange and provide "options" about how this could be done. The Trump-appointed head of the CIA, Mike Pompeo, said publicly that he would target Assange and WikiLeaks as the equivalent of "a hostile intelligence service". Top intelligence officials intended to decide themselves who is and who is not a journalist, and lobbied the White House to redefine other high-profile journalists as "information brokers", who were to be targeted as if they were agents of a foreign power. In 2013 ... a team of 120 counter-intelligence officers ... failed to find a single person in Iraq and Afghanistan who had died because of the disclosures by WikiLeaks.
Note: CIA interest in assassinating Assange coincided with Wikileaks' publication of leaked CIA hacking tools. For more along these lines, see concise summaries of deeply revealing news articles on intelligence agency corruption from reliable major media sources.
The work of a task force commissioned by the Lancet into the origins of covid-19 has folded after concerns about the conflicts of interest of one its members and his ties through a non-profit organisation to the Wuhan Institute of Virology. Task force chair Jeffrey Sachs ... told the Wall Street Journal that he had shut down the scientist led investigation into how the covid-19 pandemic started because of concerns about its links to the EcoHealth Alliance, a non-profit organisation run by task force member Peter Daszak. The decision came as evidence continued to accumulate that Daszak had not always been forthright about his research and his financial ties to the Wuhan Institute of Virology. EcoHealth Alliance has been given millions of dollars in grants by the US federal government to research viruses for pandemic preparedness. The alliance has subcontracted out its research ... to the Wuhan Institute of Virology. Shortly after the pandemic began Daszak led a February 2020 statement in the Lancet alleging that it was a "conspiracy theory" to argue that the pandemic could have started from a laboratory leak in Wuhan. "I have no conflicts of interest," Daszak later told the Washington Post. But Daszak's story began falling apart last November when the non-profit group US Right to Know published emails ... that showed he had orchestrated the Lancet statement without disclosing that he was funding Shi Zhengli through grants from the National Institutes of Health (NIH).
Note: For more along these lines, see concise summaries of deeply revealing news articles on science corruption and the coronavirus from reliable major media sources.
We used COVID-19 data provided by the Our World in Data for cross-country analysis, available as of September 3, 2021. We included 68 countries that met the following criteria: had second dose vaccine data available; had COVID-19 case data available; had population data available; and the last update of data was within 3 days prior to or on September 3, 2021. For the 7 days preceding September 3, 2021 we computed the COVID-19 cases per 1 million people for each country as well as the percentage of population that is fully vaccinated. At the country-level, there appears to be no discernable relationship between percentage of population fully vaccinated and new COVID-19 cases in the last 7 days. In fact, the trend line suggests a marginally positive association such that countries with higher percentage of population fully vaccinated have higher COVID-19 cases per 1 million people. Notably, Israel with over 60% of their population fully vaccinated had the highest COVID-19 cases per 1 million people in the last 7 days. The lack of a meaningful association between percentage population fully vaccinated and new COVID-19 cases is further exemplified, for instance, by comparison of Iceland and Portugal. Both countries have over 75% of their population fully vaccinated and have more COVID-19 cases per 1 million people than countries such as Vietnam and South Africa that have around 10% of their population fully vaccinated.
Note: Learn more about these eye-opening findings on this webpage. For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines from reliable major media sources.
Some 85 percent of Portugal's population is fully vaccinated. Portugal's feat has turned the country into a cutting-edge pandemic laboratory – a place where otherwise-hypothetical questions about the coronavirus endgame can begin to play out. Chief among them is how fully a nation can bring the virus under control when vaccination rates are about as high as they can go. Portugal's experience is ... providing a note of caution: a reminder that 1˝ years into this pandemic, the current tools of science still might not be enough. Herd immunity remains elusive. "We have achieved a good result, but it's not the solution or miracle one would think," Portugal's health minister, Marta Temido, said in an interview. In Portugal, seniors are vaccinated at a level verging on the statistically impossible: Official data puts the rate at 100 percent. But many were also vaccinated more than half a year ago – and studies from around the world, from the United States to Israel, have warned of a drop in protection by that point. One of the biggest warnings of all has come from a science institute in Lisbon, where researchers have been measuring antibody levels in several thousand people – including about 500 in Portuguese nursing homes. Shortly after those nursing home residents were vaccinated, all with the vaccine from Pfizer-BioNTech, 95 percent developed antibodies, the researchers found. But this summer ... more than one-third of the residents had lost antibodies entirely.
Note: For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines from reliable major media sources.
ABB has launched the world's fastest electric car charger, the Swiss engineering company said on Thursday, to plug into the booming demand for electric cars made by Tesla, Hyundai and other automakers. The company is launching the new Terra 360 modular charger as it presses ahead with plans to float its electric vehicle (EV) charging business, which could be valued around $3 billion. The device can charge up to four vehicles at once, and can fully charge any electric car within 15 minutes, ABB said, making it attractive to customers worried about charging times which can run to several hours. "With governments around the world writing public policy that favours electric vehicles and charging networks to combat climate change, the demand for EV charging infrastructure, especially charging stations that are fast, convenient and easy to operate, is higher than ever," said Frank Muehlon, president of ABB's E-mobility Division. Globally the number of electric vehicles registered increased by 41% during 2020 to 3 million cars, despite the pandemic-related downturn in the total number of new cars sold last year. The growth trend has accelerated in 2021, with electric car sales rising by 140% in the first three months of the year. ABB's Terra 360, which can deliver a charge giving 100 kms (62 miles) of range in less than three minutes, will be available in Europe by the end of the year. The United States, Latin America and the Asia Pacific regions are due to follow in 2022.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Within minutes of receiving a complaint from four Environmental Protection Agency whistleblowers in late June, an agency official shared the document with six EPA staffers, including at least one who was named in it, according to records obtained through the Freedom of Information Act. The records – more than 1,000 pages of internal emails – also show that within 24 hours EPA officials sent the whistleblowers' complaint to other staff members who had been named in it. Two days later, the named employees met to discuss it. The scientists' disclosure laid out allegations of corruption within the EPA's New Chemicals Division and provided detailed evidence that managers and high-level agency officials had deliberately tampered with numerous chemical assessments, sometimes deleting hazards from them and altering their conclusions. The four scientists who worked in the division decided to speak up about the behavior they had witnessed because they feared it could have public health consequences. And they hoped that by carefully documenting and making public their allegations they would spark a thorough investigation and bring an end to the problems. While the sharing of the disclosure widely within the agency was not a violation of law, several experts in the handling of whistleblower complaints said it was troubling. "Sending it around to everybody who's mentioned in it, that's insane," said Adam Arnold ... at the Government Accountability Project.
Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption from reliable major media sources.
Massachusetts on Tuesday reported 4,378 more COVID-19 cases among fully vaccinated people since last week, bringing the total since the beginning of the vaccination campaign to 36,723 cases, or 0.8 percent of all fully vaccinated people. The Department of Public Health also reported 37 more COVID-19 deaths among fully vaccinated people, bringing the total to 254 deaths among those fully vaccinated. The department also reported 154 more hospitalizations among fully vaccinated people, for a total of 1,155 hospitalizations. State officials and public health experts have repeatedly stressed that vaccination greatly reduces hospitalization, severe illness, and death as a result of COVID-19. As of Tuesday, 4,619,950 people in Massachusetts have been fully vaccinated, according to the department.
Note: Massachusetts has a population of nearly 7 million, or 1/50th of the U.S. So if it is representative of the entire country, 254 X 50 = 12,200 deaths among fully vaccinated people in the U.S. Indiana, also with a population of about 7 million, reports 229 fully vaccinated citizens have died, again suggesting well over 10,000 fully vaccinated COVID deaths in the U.S. Why isn't this being reported? For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines from reliable major media sources.
More than 30,000 residents in Indiana have contracted COVID-19 and over 200 have died of the novel coronavirus despite being fully vaccinated against the disease. Indiana health officials have recorded 33,851 breakthrough COVID-19 cases among the state's fully vaccinated individuals since the beginning of the pandemic. The health department's data also showed that 229 fully vaccinated residents have died of COVID-19. Of the 229 deaths, 92% or 210 occurred in patients aged 65 or older. As of Thursday, health officials have also reported 735 breakthrough COVID-19 hospitalizations. Overall, the state has recorded 959,409 COVID-19 cases since the start of the pandemic. Indiana also reported 65 new deaths that occurred between Aug. 25 and Sept. 28, bringing Indiana's total number of COVID-19 deaths to 15,132. Indiana health officials have fully vaccinated 56% of eligible residents, including more than 70% of people aged 60 and older. However, only 3.7% of children between the ages of 12 to 15 have been fully vaccinated against COVID-19, and only 4.3% of people from the same age group have received their first doses.
Note: Is it just a coincidence that shortly after this became news, the Indiana Department of Health suspended daily COVID-19 case reports? Massachusetts has a population of 6.7 million, or about 1/50th of the U.S. So if it is representative of the entire country, 229 X 50 = 11,450 deaths among fully vaccinated people in the U.S. Massachusetts, also with about 7 million, reports 254 fully vaccinated citizens have died, again suggesting over 10,000 vaccinated COVID deaths. Why isn't this being reported? For more, see summaries of revealing news articles on coronavirus vaccines.
YouTube is taking down several video channels associated with high-profile anti-vaccine activists including Joseph Mercola and Robert F. Kennedy Jr., who experts say are partially responsible for helping seed the skepticism that's contributed to slowing vaccination rates across the country. As part of a new set of policies aimed at cutting down on anti-vaccine content on the Google-owned site, YouTube will ban any videos that claim that commonly used vaccines approved by health authorities are ineffective or dangerous. Mercola, an alternative medicine entrepreneur, and Kennedy, a lawyer and the son of Sen. Robert F. Kennedy who has been a face of the anti-vaccine movement for years, have both said in the past that they are not automatically against all vaccines, but believe information about the risks of vaccines is being suppressed. Facebook banned misinformation on all vaccines seven months ago, though the pages of both Mercola and Kennedy remain up on the social media site. Their Twitter accounts are active, too. In an email, Mercola said he was being censored. Kennedy also said he was being censored. "There is no instance in history when censorship and secrecy has advanced either democracy or public health," he said in an email. Social media companies have hired thousands of moderators and used high-tech image- and text-recognition algorithms to try to police misinformation. YouTube has removed over 133,000 videos for broadcasting coronavirus misinformation.
Note: Listen to first hand tragic stories of those who died or were seriously injured by COVID injections. Read one woman's harrowing story of suffering severe side effects from the Pfizer injection only to have her story suppressed even though she supports vaccines in general. For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines and media corruption from reliable sources.
The Ontario government is now recommending males aged 18 to 24 take Pfizer over Moderna as their COVID-19 vaccination due to the number of young men who have experienced myocarditis after getting the vaccine. This comes after public health officials determined there is a 1 in 5,000 risk of myocarditis – a form of heart inflammation – following a second dose of the Moderna vaccine. For any young men in that age bracket who received Moderna as their first dose and have not yet received a second dose, the government recommends they go with Pfizer. The risk of myocarditis for this demographic in Pfizer is 1 in 28,000, according to government officials. "The majority of reported cases have been mild with individuals recovering quickly, normally with anti-inflammatory medication," explains a guidance document released by the government. "Symptoms have typically been reported to start within one week after vaccination, more commonly after the second dose." While there are reports of myocarditis in Ontario among both males and females in all age brackets, the incidence rate among young males receiving their second Moderna shot was substantially higher than other categories. This development comes after a Public Health Ontario report released last month showed over half of the province's approximately 200 cases of hospitalizations for myocarditis following mRNA vaccination were in people under the age of 25.
Note: Sweden, Norway, and Finland are also restricting use of the Moderna vaccine for safety reasons. For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines from reliable major media sources.
Dr. Seema Doshi was shocked and terrified when she found a lump in her breast that was eventually confirmed to be cancerous. "That rocked my world," said Dr. Doshi, a dermatologist in private practice. "I thought, â€That's it. I will have to do chemotherapy.'" She was wrong. Dr. Doshi was the beneficiary of a quiet revolution in breast cancer treatment, a slow chipping away at the number of people for whom chemotherapy is recommended. Chemotherapy for decades was considered "the rule, the dogma," for treating breast cancer and other cancers, said Dr. Gabriel Hortobagyi, a breast cancer specialist. But data from a variety of sources offers some confirmation of what many oncologists say anecdotally – the method is on the wane for many cancer patients. Genetic tests can now reveal whether chemotherapy would be beneficial. For many there are better options with an ever-expanding array of drugs, including estrogen blockers and drugs that destroy cancers by attacking specific proteins on the surface of tumors. And there is a growing willingness among oncologists to scale back unhelpful treatments. The result spares thousands each year from the dreaded chemotherapy treatment, with its accompanying hair loss, nausea, fatigue, and potential to cause permanent damage to the heart and to nerves in the hands and feet. The diminution of chemotherapy treatment is happening for some other cancers, too, including lung cancer.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Senior CIA officials during the Trump administration discussed abducting and even assassinating WikiLeaks founder, Julian Assange. The discussions on kidnapping or killing Assange took place in 2017, Yahoo News reported, when the fugitive Australian activist was entering his fifth year sheltering in the Ecuadorian embassy. The then CIA director, Mike Pompeo, and his top officials were furious about WikiLeaks' publication of "Vault 7", a set of CIA hacking tools, a breach which the agency deemed to be the biggest data loss in its history. Some senior officials inside the CIA and the Trump administration went as far as to request "sketches" or "options" for killing Assange. "There seemed to be no boundaries," a former senior counterterrorist official was quoted as saying. The kidnapping or murder of a civilian accused of publishing leaked documents, with no connection to terrorism, would have triggered global outrage. Pompeo raised eyebrows in 2017 by referring to WikiLeaks as a "non-state hostile intelligence service". It was a significant designation, as it implied a green light for a more aggressive approach to the pro-transparency group by CIA operatives, who could treat it as an enemy espionage organization. Barry Pollack, Assange's US lawyer ... told Yahoo News: "As an American citizen, I find it absolutely outrageous that our government would be contemplating kidnapping or assassinating somebody without any judicial process simply because he had published truthful information."
Note: For more along these lines, see concise summaries of deeply revealing news articles on intelligence agency corruption from reliable major media sources.
Billions more in profits are at stake for some vaccine makers as the U.S. moves toward dispensing COVID-19 booster shots to shore up Americans' protection against the virus. The Biden administration last month announced plans to give boosters to nearly everybody. But U.S. regulators have rejected the across-the-board approach and instead said third shots of Pfizer's vaccine should go to people who are 65 and older and certain others at high risk from COVID-19. Still ... some top U.S. health officials expect boosters will be more broadly authorized in the coming weeks or months. And that, plus continued growth in initial vaccinations, could mean a huge gain in sales and profits for Pfizer and Moderna in particular. Wall Street is taking notice. The average forecast among analysts for Moderna's 2022 revenue has jumped 35% since President Joe Biden laid out his booster plan in mid-August. Most of the vaccinations so far in the U.S. have come from Pfizer, which developed its shot with Germany's BioNTech, and Moderna. No one knows yet how many people will get the extra shots. But Morningstar analyst Karen Andersen expects boosters alone to bring in about $26 billion in global sales next year for Pfizer and BioNTech and around $14 billion for Moderna if they are endorsed for nearly all Americans. Drugmakers ... say people might need annual shots like the ones they receive for the flu. All of that could make the vaccines a major recurring source of revenue.
Note: Learn lots more about the huge profits of big Pharma from COVID in this revealing article. Listen to first hand tragic stories of those who died or were seriously injured by COVID injections. For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines from reliable major media sources.
When hundreds of protesters took over Melbourne's West Gate Bridge on Tuesday, the Real Rukshan was there to capture it. With 60,000 people concurrently viewing his livestream, Real Rukshan – the online nom de plume of Rukshan Fernando – was recognised by a man dressed in hi-vis: "Rukshan," he yelled over the chaos, "you're the reason we came down." Fernando is one of a number of Australian content creators such as Avi Yemini and Morgan C Jonas who position themselves as independent journalists documenting the "freedom" movements opposing lockdowns and vaccines. Fernando's live streams have functioned as the connective tissue for Melbourne protests and the broader movement, with millions of people watching from his perspective. His content and commentary take an anti-media and anti-government slant. Fernando says: "When you have the government interfere with your life, that really makes you arc up and be more politically attuned to what's happening around you." During a general "freedom" protest last week, Fernando narrated his live stream by repeatedly claiming that all the protesters were being peaceful and that police were instigating violence. At many protests, mainstream media organisations haven't had reporters present. Unlike other creators, Fernando doesn't appear to make money from his content. He's posted about refusing donations and hasn't made any efforts to monetise his online presence.
Note: Australia's huge protests against vaccine mandates and the lockdown have gotten very little coverage outside of Australia and highly biased coverage against the protests in the country. This video shows the thousands participating in Melbourne, while this disturbing video shows the intense police response with many hundreds of police deployed. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources
The director of the Centers for Disease Control and Prevention on Friday overruled a recommendation by an agency advisory panel that had refused to endorse booster shots of the Pfizer-BioNTech Covid vaccine for frontline workers. It was a highly unusual move for the director, Dr. Rochelle Walensky, but aligned C.D.C. policy with the Food and Drug Administration's endorsements over her own agency's advisers. The C.D.C.'s Advisory Committee on Immunization Practices on Thursday recommended the boosters for a wide range of Americans, including tens of millions of older adults and younger people at high risk for the disease. But they excluded health care workers, teachers and others whose jobs put them at risk. That put their recommendations at odds with the F.D.A.'s authorization of booster shots for all adults with a high occupational risk. Dr. Walensky's decision was a boost for President Biden's campaign to give a broad segment of Americans access to boosters. The White House had come under criticism for getting ahead of the regulatory process. Dr. Walensky's decision to go against her own agency's advisers came as a surprise to at least some of her staff members: The C.D.C. director's endorsement of the advisory committee's recommendations is typically just a formality. Hours before her statement, agency insiders predicted she would stick with the usual protocol because doing otherwise would undermine the process and upset the advisers as well as her own staff.
Note: Whatever happened to listening to the scientists? Could it be that government officials are biased towards channeling more money into the pockets of big Pharma? Listen to a US Senator who is a doctor grilling an official who won't acknowledge scientific studies on immunity. For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines from reliable major media sources.
A grant proposal written by the U.S.-based nonprofit the EcoHealth Alliance and submitted in 2018 to the Defense Advanced Research Projects Agency, or DARPA, provides evidence that the group was working – or at least planning to work – on several risky areas of research. Among the scientific tasks the group described in its proposal, which was rejected by DARPA, was the creation of full-length infectious clones of bat SARS-related coronaviruses and the insertion of a tiny part of the virus known as a "proteolytic cleavage site" into bat coronaviruses. Of particular interest was a type of cleavage site able to interact with furin, an enzyme expressed in human cells. Since the genetic code of the coronavirus that caused the pandemic was first sequenced, scientists have puzzled over the "furin cleavage site." This strange feature on the spike protein of the virus had never been seen in SARS-related betacoronaviruses, the class to which SARS-CoV-2, the coronavirus that causes the respiratory illness Covid-19, belongs. The furin cleavage site enables the virus to more efficiently bind to and release its genetic material into a human cell and is one of the reasons that the virus is so easily transmissible and harmful. Many who believe that the virus that caused the pandemic emerged from a laboratory have pointed out that it is unlikely that the particular sequence of amino acids that make up the furin cleavage site would have occurred naturally.
Note: Read about the risky research on coronaviruses that took place at the Wuhan Institute of Virology. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
The wealthiest 400 American families paid an 8.2% average rate on their federal individual income taxes from 2010 to 2018, according to a White House analysis published Thursday. Those richest 400 families represent the top 0.0002% of all taxpayers. Their estimated tax rate, paid on $1.8 trillion of income over the nine-year period, is "low" relative to other taxpayers, according to the report. By comparison, Americans paid an average 13.3% tax rate on their income in 2018, according to a Tax Foundation analysis. The analysis comes as Democrats have proposed raising taxes on the rich and corporations to help fund up to $3.5 trillion of investments education, paid leave, healthcare, childcare and measures to curb climate change. The report's findings are similar to those of a recent ProPublica investigation, which found that some of the world's richest men (Jeff Bezos, Michael Bloomberg, Warren Buffett, Carl Icahn, Elon Musk and George Soros) pay a tiny fraction of their wealth in tax. The 25 richest Americans paid a true federal tax rate of 3.4% from 2014 to 2018, while seeing their net worth grow by $401 billion, according to the investigation, which cited confidential IRS data. Low- and middle-earners pay most of their income tax from wages on jobs. In contrast, the wealthiest Americans generate the bulk of their income from investments, which, if held longer than a year, are taxed at a lower rate than wages.
Note: For more along these lines, see concise summaries of deeply revealing news articles on income inequality from reliable major media sources.
Important Note: Explore our full index to key excerpts of revealing major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.