How exactly did the ultra-rich get even richer? Simple. The Treasury Department and IRS have quietly expanded tax breaks that primarily benefit America’s wealthiest individuals and largest corporations. Surprise, surprise.
These new rules are basically a gift to ultrawealthy investors and corporate giants, including crypto firms. They effectively undermine previous efforts at tax reform, like the 2022 corporate alternative minimum tax that was supposed to guarantee big companies actually paid their fair share. So much for that idea.
The numbers are staggering. In just the first year after the Trump tax cuts, about 82 ultrawealthy households collectively saved over $1 billion. That’s billion with a “B.” Individual political donors like the Uihleins and Diane Hendricks pocketed hundreds of millions in tax deductions.
Even Democrats’ favorite billionaire Michael Bloomberg and the Bechtel family heirs scored tens of millions in tax reductions. Must be nice.
These breaks continue a pattern started under the Trump administration, which initiated corporate tax cuts totaling approximately $4 trillion. The new Treasury and IRS guidance makes things worse by creating more loopholes in the corporate AMT.
Large corporations, asset-heavy firms, crypto companies, private equity—they’re all getting special treatment. While Bitcoin maintains market dominance of approximately 62.7% as of September 2025, these tax advantages disproportionately benefit emerging altcoin ventures and their wealthy backers. The measures particularly favor multinational corporations that have historically sought ways to minimize their tax obligations.
The whole thing stinks of inequality. The ultrawealthy already use intricate tax code provisions to achieve substantial avoidance. Now they’ve got even more tools.
The system is rigged from top to bottom, letting the 1% dodge taxes while regular Americans foot the bill.
Meanwhile, the complexity of these provisions keeps average Americans in the dark about how the game is rigged.
Legal questions loom large. Many wonder if these expansions even comply with existing law. There are also serious concerns about fiscal impact—these breaks mean less revenue for government services that regular folks actually need.
The tax breaks expire after 2025, setting up another political battle in Congress. Will they continue? Will they expand? Secret IRS files have revealed the extent to which tax policy has shifted wealth to those at the top. One thing’s certain—the ultrawealthy are laughing all the way to the bank. Again.
