A trove of leaked IRS tax returns analyzed by ProPublica reveals America’s richest billionaires — including Elon Musk and Jeff Bezos — often pay little to no income tax.
As the federal deficit climbs, Republicans and Democrats can agree on one thing: the federal tax code needs revamping. But how this gets done is up for grabs. What's the reality behind the rhetoric of closing loopholes and raising revenue? We examine the issue.