More than 20 people were rescued by boat after flooding in Northport, Alabama, WVUA-TV reported. Birmingham Fire and Rescue Service Capt. Bryan Harrell said a search was underway for a man who was possibly swept away by flooding.
In such cases, though, the data obtained by ProPublica shows billionaires have a palette of tax-avoidance options to offset their gains using credits, deductions (which can include charitable donations) or losses to lower or even zero out their tax bills. Some own sports teams that offer such lucrative write-offs that owners often end up paying far lower tax rates than their millionaire players. Others own commercial buildings that steadily rise in value but nevertheless can be used to throw off paper losses that offset income.
U.S. athletes also receive other forms of support including health insurance, access to top-tier medical facilities and college tuition assistance.
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Some employers and politicians have expressed concerns that unemployment benefits may be incentivizing people not to work as businesses face a severe shortage of new workers as demand increases and lockdown restrictions ease.
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