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Pennybag Property Management – Earlier this week ProPublica published a unique analysis revealing Internal Revenue Service data showing how little the .001% pay in taxes.
The richest 25 billionaires in the United States paid an effective federal tax rate of just 3.4% between 2014 and 2018 — even as they added $401 billion to their collective wealth, Common Dreams reports.
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Experts have long understood the broad outlines of how little the wealthy are taxed in the United States, and many laypeople have long suspected the same thing. But few specifics about individuals emerge publicly, write authors Jesse Eisinger, Jeff Ernsthausen and Paul Kiel.
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“Looks like the biggest tax story of the year, if not the decade,” tweeted economist Gabriel Zucman, a professor at the University of California, Berkeley.
“In the coming months, we plan to use this material to explore how the wealthiest people in the country — roughly the .001% — use the structure of our tax code to avoid tax burdens borne by ordinary citizens. Many ask about the ethics of publishing such private data. We’re doing so—quite selectively and carefully. -We believe it serves the public interest in a fundamental way, allowing readers to see patterns that have been hidden until now,” says Richard Tofel, ProPublica’s founding general manager and outgoing president.
According to Common Dreams, Forbes results show that Amazon CEO Jeff Bezos—the world’s richest man—and Berkshire Hathaway CEO Warren Buffett paid effective tax rates of 0.98% and 0.10% between 2014 and 2018, respectively.
“Today’s decision marks an important step toward ending the food industry’s deceptive and discriminatory GMO food labeling practices, which have kept consumers in the dark by hiding what’s in their products.”
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While Donald Trump may not fit the mold of a selfless whistleblower, there is still cause for concern.
We are so used to the idea that success only comes from sacrifice, even though this is not true for the richest and most powerful Americans.
PR firms have a long history of creating and spreading climate disinformation to block climate policy and promote fossil fuel interests. Monopoly appears in community chest cards with a social conscience in the latest … [+] game refresh by Hasbro.
Mr. Potato Head decided it was time to wake up, and it announced a gender-neutral re-branding for the 69-year-old toy. Now, Hasbro has decided to raise its consciousness with Mr. Monopoly.
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Hasbro is replacing the community chest cards in the iconic game with ones that are more socially aware and better reflect the “community”. Fans will vote on which cards will be included in an updated version of the game to be released in the fall.
With the new cards, players can be rewarded for things like supporting an animal shelter or school bake sale or helping their neighbors, and penalized for not shopping locally, forgetting to recycle, or disturbing the peace by blasting loud music.
The current cards, says Hasbro, “won second place in a beauty contest” and references to life insurance or vacation funds are “long overdue for a refresh.”
“The world has changed a lot since Monopoly became a household name 85 years ago, and clearly today, community is more important than ever,” Hasbro’s chief customer officer Eric Nyman said in a statement. “We thought 2021 was the perfect time to give fans a chance to show what the community means to them by voting on the new Community Chest Cards.”
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Many of the original cards reflect the board game’s Atlantic City theme, with players buying properties and building hotels in a resort town known for its beauty pageants.
Hasbro is constantly updating and reimagining the game of Monopoly, which Hasbro said in an investor presentation last month as one of its biggest franchise brands. It has previously changed some Community Chest cards, removing cards such as “Poor Tax”.
And anyone who doesn’t like the new cards will be very worried. Odds are good Hasbro is already planning to release a “vintage” version of the game featuring “classic community chest cards.”
In 2013, after a consumer vote on new tokens, the Cat token was introduced, replacing Iron, which received the lowest number of votes. Following that vote, Hasbro released a limited edition golden token set featuring iron.
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In 2017, following another change in the token lineup, Hasbro released a 64-token limited edition set of game replacement tokens.
Hasbro has released different versions of the game tailored to specific cities and countries, and has also released licensed corporate versions of the game for FedEx.
It has also produced entertainment themed versions of games ranging from Star Wars Monopoly to Game of Thrones Monopoly.
All this change is in keeping with the roots of monopoly. It originated as a great anti-business and anti-monopoly game in the early 1900s, intended by its creator Lizzie Magee to demonstrate the harms of concentrating too much wealth in the hands of a small number of owners.
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Charles Darrow, the man who created the current version of the game, played the Maggie game in the early 1930s and called his version Monopoly. In their game, getting rich and bankrupting your rivals is the key to victory. Parker Brothers bought the game rights and Maggie’s original patent and began selling it in 1935. Hasbro acquired Parker Bros. in 1991.
A cartoon character associated with gaming since the 1930s and now known as Mr. Monopoly by Hasbro, Rich Uncle began life as Pennybags and J.P. reported in Morgan’s model. Compared to other changes to the game over the past 85 years, the Mr. Monopoly character has remained relatively untouched. Mr. Monopoly may end up later on Hasbro’s list for an even more dramatic change. Wisconsin Property Managers is a property management company based in Janesville, WI serving clients throughout Rock County. Their services are available to renters, landlords and property owners and can assist with purchasing a new home or investment property. If you are looking for a rental property, they have an easy application process and many friendly property managers to help you.
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