Today, we issued a letter — signed by 70% of our unit — to @sengelberg.bsky.social and @robinsparkman.bsky.social asking them to uphold ProPublica’s values of fairness, transparency and accountability at the bargaining table.

NEW: A host of billionaires — sports team owners, oil barons, Wall Street traders and others — have managed to avoid paying a tax on investment income. propub.li/41EtbPK

Excellent piece from my buddy Paul Kiel on an obscure loophole that allows billionaires to avoid Medicare tax: www.propublica.org/article/medi...

I'm quoted in this nice rundown of how some finance billionaires have shaved 3.8% off their tax bills. My deep sympathies to Paul Kiel, who had to listen to my detailed explanation of the caselaw on the difference between traders and investors, a morass so murky I generally refuse to teach it.