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"We made this change to ensure that we can accommodate as many individuals as possible as they rejoin the workforce," Zumwalt said.
In 2018, he reported income of $1.9 billion. When it came to his taxes, Bloomberg managed to slash his bill by using deductions made possible by tax cuts passed during the Trump administration, charitable donations of $968.3 million and credits for having paid foreign taxes. The end result was that he paid $70.7 million in income tax on that almost $2 billion in income. That amounts to just a 3.7% conventional income tax rate. Between 2014 and 2018, Bloomberg had a true tax rate of 1.30%.
Gasso didn't have much time to celebrate. Her son D.J., an assistant coach at Utah, is getting married Friday. The rehearsal dinner was set for Thursday night.
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As people other than Black Americans commemorate Juneteenth, it may lose some of its specific focus on Black people in exchange for a colorblind story of American triumph. Juneteenth was made possible in large part because of the courage and resilience of Black people who persistently fought for their liberation. Sojourner Truth, Anna Murray Douglass, Harriet Tubman, and other heroes of American Black freedom struggle should occupy a central place in Juneteenth celebrations.
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