Jesse Drucker

New York

Investigative Reporter, Business Desk at The New York Times

Reporter for The New York Times @nytimes. jesse(dot)drucker(at)nytimes(dot)com. Alum: @wsj, @business, @observer.

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Articles

Prominent Cryptocurrency Investor Faces Senate Tax Inquiry

2 months ago | nytimes.com | David Yaffe-Bellany |Jesse Drucker |Matthew Goldstein

A Senate committee is investigating whether a prominent cryptocurrency investor violated federal tax law to save hundreds of millions of dollars after he moved to Puerto Rico, a popular offshore tax haven, according to a letter reviewed by The New York Times. Senator Ron Wyden, an Oregon Democrat, sent the letter on Jan. 9 to Dan Morehead, the founder of Pantera Capital, one the largest crypto investment firms.
How One of the World’s Richest Men Is Avoiding $8 Billion in Taxes

Dec 10, 2024 | rethinking65.com | Jesse Drucker

Jensen Huang, the CEO of Nvidia, is the 10th-richest person in the United States, worth $127 billion. In theory, when he dies, his estate should pay 40% of his net worth to the government in taxes. But Huang, 61, is not only an engineering genius and Silicon Valley icon whose company, the world’s second-most valuable, makes the chips that power much artificial intelligence.
How one of the world’s richest men could pull off a mega-tax dodge

Dec 7, 2024 | smh.com.au | Jesse Drucker

By Jesse Drucker December 8, 2024 — 9.59am, register or subscribe to save articles for later. Add articles to your saved list and come back to them any time. Jensen Huang, the chief executive of Nvidia, is the 10th-richest person in the United States, worth $US127 billion ($198.6 billion). In theory, when he dies, his estate should pay 40 per cent of his net worth to the government in taxes.
How One of the World’s Richest Men Is Avoiding $8 Billion in Taxes

Dec 7, 2024 | seattletimes.com | Jesse Drucker

Jensen Huang, the CEO of Nvidia, is the 10th-richest person in the United States, worth $127 billion. In theory, when he dies, his estate should pay 40% of his net worth to the government in taxes. But Huang, 61, is not only an engineering genius and Silicon Valley icon whose company, the world’s second-most valuable, makes the chips that power much artificial intelligence.
How One of the World’s Richest Men Is Avoiding $8 Billion in Taxes

Dec 6, 2024 | myheraldreview.com | Jesse Drucker

Jensen Huang, the CEO of Nvidia, is the 10th-richest person in the United States, worth $127 billion. In theory, when he dies, his estate should pay 40% of his net worth to the government in taxes. But Huang, 61, is not only an engineering genius and Silicon Valley icon whose company, the world’s second-most valuable, makes the chips that power much artificial intelligence.
Como um dos homens mais ricos do mundo está fugindo de US$ 8 bilhões em impostos

Dec 5, 2024 | estadao.com.br | Jesse Drucker

Jensen Huang, CEO da Nvidia, é a décima pessoa mais rica dos Estados Unidos, com um patrimônio de US$ 127 bilhões. Em teoria, quando ele morrer, deve pagar ao governo 40% de seu patrimônio líquido em impostos. Mas Huang, 61, não é apenas um gênio da engenharia e um ícone do Vale do Silício, cuja empresa, a segunda mais valiosa do mundo, fabrica os chips que alimentam grande parte da inteligência artificial (IA).
How Jensen Huang, CEO of Nvidia, Is Avoiding Billions in Taxes

Dec 5, 2024 | businessandamerica.com | Jesse Drucker

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Death and Taxes

Dec 4, 2024 | nytimes.com | Jesse Drucker

The federal estate tax - which is imposed on a tiny sliver of rich Americans when they die - is being eviscerated. In theory, the tax is simple. A married couple can pass along about $27 million (say in cash or stock) to their heirs tax-free. Anything above that is supposed to be taxed at a rate of 40 percent. But although the wealth of the richest Americans has soared over the past several decades, estate tax receipts have not.
How One of the World’s Richest Men Is Avoiding $8 Billion in Taxes

Dec 4, 2024 | flipboard.com | Jesse Drucker

5 hours agoWhat Math Problems Do Bitcoin Miners Really SolveBitcoin miners don't solve complex math problems - they guess numbers. While "solving mathematical puzzles" has become a common description of bitcoin mining, the process more closely resembles a massive digital lottery where miners race to generate random numbers until they find one that fits …3 hours ago20% of managers want out.
IRS Failed to Police Puerto Rico Tax Break, Whistleblower Says

Jun 4, 2024 | rethinking65.com | Jesse Drucker

For the past decade, thousands of wealthy Americans have been flocking to Puerto Rico to take advantage of a tax break that can cut their tax bills to zero. For nearly as long, there have been allegations that the benefit enables multimillionaires to avoid paying what they owe when they reap big investment profits. Now, an IRS insider has accused the agency of failing to police the tax break.