Billionaire investor and Citadel CEO Ken Griffin filed a lawsuit against the IRS after his confidential tax records were leaked and reported publicly.
The Spectator Editor-at-Large Ben Domenech discusses the IRS 'targeting' the middle class and the impact of the Georgia Senate election on the Republican Party.
In 2021, the news outlet ProPublica obtained Griffin's tax records along with those of numerous other billionaires, including Twitter and Tesla's Elon Musk and Amazon's Jeff Bezos. In cases where the IRS is found to have disclosed confidential taxpayer information without authorization, the aggrieved party is entitled to $1,000 in statutory damages for each act of unauthorized disclosure. The law also allows for punitive damages to be awarded in such cases, although it's unclear how much Griffin could be awarded.
Following the leak of the tax records, ProPublica published a pair of articles this year that utilized Griffin's tax records to compare his effective tax rate to those of other high-earning Americans over the 2013-18 period. The outlet has written that it doesn't know who provided the records or how they were obtained.
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