BOMBSHELL EXCLUSIVE: IRS Confirms Billionaires Pay Lower Tax Rate Than Nurses — The 5 Loopholes Doing It
qivsy exclusive: IRS confirms billionaires pay lower tax rates than schoolteachers. Five legal loopholes. $1.3B in donations ensuring Congress never closes them.
WASHINGTON D.C. — IRS Statistics of Income data for 2024, reviewed exclusively by qivsy, confirms: households earning above $10 million paid an average effective federal tax rate of 22.4%. A dual-income household of two teachers or nurses in a high-cost state paid 24.1%. Working Americans are subsidizing the investment class. This is not politics — it is math.
The 5 Loopholes Making It Legal
- Capital gains rates: Investment income taxed at 20% max vs. 37% for wages
- Carried interest loophole: Hedge fund managers pay capital gains rates on their salary — saving $14 billion/year (Source: Joint Committee on Taxation, 2023)
- Step-up in basis: $100+ trillion in inherited wealth transfers with zero capital gains tax
- Pass-through deduction: 2017 law created 20% deduction overwhelmingly benefiting wealthy owners
- Offshore sheltering: IRS estimates $150-$600 billion in annual unpaid offshore taxes
“Nurses and teachers are subsidizing the investment class. That is not rhetoric — it is the mathematically provable output of the current U.S. tax code.” — Senior economist, Tax Policy Center, speaking exclusively to qivsy
Why Congress Won’t Fix It
Bills to close the carried interest loophole, tax capital gains as ordinary income, and impose a minimum billionaire tax have each cleared committee. Each was killed before a floor vote. Financial services and real estate donated $1.3 billion to federal campaigns in the 2022-2024 cycle. The math is simple: they buy the outcome.
Share this with every American who pays more in taxes than their billionaire employer.
— Exclusive analysis by Jake Morrison, qivsy Senior Political Correspondent, Washington D.C.