ProPublica: “If You’re Getting a W-2, You’re a Sucker” (April 15, 2022)

Paul Kiel has published his article, “If You’re Getting a W-2, You’re a Sucker”. The abstract is as follows:

Nikki Spretnak loved being an IRS agent. Being able to examine the books of different businesses gave her an intimate view of the economy. But over the years, she became more and more conscious of a chasm between the business owners she was auditing and herself. It wasn’t so much that they were rich and she, a revenue agent in the IRS office in Columbus, Ohio, was not. It was that, when it came to taxes, they lived a privileged existence, one that she, a mere W-2 recipient, did not share.

Over the past year, along with a team of my colleagues at ProPublica, I’ve spent countless hours scrutinizing the tax information of thousands of the wealthiest Americans. Like Spretnak, I’ve seen behind the veil and witnessed the same chasm. Doing my own taxes in the past was never a thrill, but only this spring did I fully realize what a colorless and confined tax world I inhabit.

To see the full article, click: “If You’re Getting a W-2, You’re a Sucker”

Posted by Anthony Tran, Associate Editor, Wealth Strategies Journal

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