As Americans Demand Tax Reforms, Analysis Finds Top 1% Hold More Wealth Than Whole Middle Class
As the bombshell Pandora Papers continue to expose dubious details about how the world’s superrich hide their fortunes and avoid...
Category: Richest One Percent
New report exposes corporate scheme to derail Biden agenda and ‘upend democracy’
Corporations threatened by the prospect of paying a slightly higher tax rate and exercising a little less power over working people...
‘Tax These Moochers’: Top 1% Dodge $163 Billion in Taxes Each Year
A Treasury Department report released Wednesday estimates that the richest 1% of Americans are responsible for more than $160 billion...
The $3.5 trillion bill that terrifies corporate America
Right now, Democrats are working to pass a $3.5 trillion package that will provide long overdue help for working Americans....
Economist Paul Krugman: Corporations refusing to pay taxes for climate change programs is ‘unforgivable’
While the United States’ west coast was battling wildfires on September 1, the Northeastern Corridor suffered tornadoes, torrential rainfall and...
The shame of the Sacklers — “Drug dealers in nice suits and dresses”
Today a federal judge is expected to certify Purdue Pharmaceutical’s bankruptcy plan – a $4.5 billion settlement between the company...
Senate Democrats fighting to tax billionaires and pass bill to invest in working families
The collective wealth of the top billionaires in the U.S. has increased by nearly two-thirds during the pandemic, not only...
Secret IRS files reveal how much the ultrawealthy gained by shaping Trump’s ‘big, beautiful tax cut’
In November 2017, with the administration of President Donald Trump rushing to get a massive tax overhaul through Congress, Sen....
Republican Millionaires’ Caucus Wants To Keep Their Trump Tax Cuts
A new analysis by the government watchdog group Accountable.US finds that two-thirds of GOP senators—and more than 40% of House...
The Trump Org indictment conceals the bigger story of how the rich don’t pay taxes
After many months of anticipation and nearly three years of investigation, the Manhattan district attorney’s office has charged the Trump...
Abigail Disney: Executives would rather be shot than fly first class
Abigail Disney has a lot to criticize about American billionaires — especially when they inherit a pile of cash and...
How Congress and you subsidize the richest Americans
ProPublica scored a fantastic scoop when it obtained and meticulously analyzed 15 years of raw income tax data on the...
The Secret IRS Files: How the Wealthiest Avoid Income Tax
In 2007, Jeff Bezos, then a multibillionaire and now the world’s richest man, did not pay a penny in federal...
Biden pledges to restore the IRS and crack down on rich tax cheats
In what is a ridiculously long overdue proposal, President Joe Biden is advocating doubling the size of the IRS, adding tens...
Jeff Bezos buys superyacht as Americans sink into poverty
“Things are still really bad for a lot of people in this country, which makes it especially jarring when you...
Joe Biden’s plans would target the ultra-wealthy for more tax dollars — and they’re getting nervous
President Joe Biden has been highly critical of the corporate tax cuts of the Trump era, complaining that the Tax...
Here’s how rich mega-doners hacked US politics
Just 12 megadonors contributed roughly $1 in every 13 dollars spent on recent campaigns for federal office, as well as the...
Congresswoman Jayapal Calls for Crackdown on Wealthiest After IRS Chief Says Tax Evasion Costs US $1 Trillion a Year
Following IRS Commissioner Charles Rettig’s admission Tuesday that tax dodgers are depriving the federal government of as much as $1...
How The Rich Hide Their Wealth — And How To Stop Them
Chuck Collins knows how rich people hide their money. Collins was an heir to the Oscar Mayer wiener fortune, an inheritance...
What would happen if we actually taxed the rich?
Income and wealth are now more concentrated at the top than at any time over the last 80 years, and...
Inside the Koch-Backed Effort to Block the Largest Election-Reform Bill in Half a Century
In public, Republicans have denounced Democrats’ ambitious electoral-reform bill, the For the People Act, as an unpopular partisan ploy. In...
America’s Richest 1% Dodge Taxes On More Than A Fifth Of Their Income, Study Finds
The top 1% of the highest-earning American households are hiding 21% of their income from the Internal Revenue Service, costing...
Faces of Greed: The Walton Family of Walmart
Bernie Sanders: I say to the Walton family of Walmart: the American people are sick and tired of subsidizing your...
Biden To Raise Taxes On The Rich After Cutting Child Poverty In Half
President Biden cut child poverty in half with the American Rescue Plan, and he is following it up by making...
Wealth Gained by Billionaires Amid COVID Could Pay for Two-Thirds of Relief Bill
America’s billionaires have made so much money they could fund two-thirds of President Biden’s American Rescue Plan (ARP) with just...
Sen. Bernie Sanders Says Taxpayers Should No Longer Subsidize Walmart’s Starvation Wages
With the possibility of getting a more straightforward $15 federal minimum wage increase passed under the reconciliation process as part...
Manhattan DA Cy Vance Has Trump’s Taxes
Donald Trump’s taxes were officially handed over to the Manhattan D.A.’s office on Monday, just hours after the Supreme Court...
Legislative Proposal to End ‘Runaway Tax Evasion’ by US Millionaires and Billionaires
Congressman Ro Khanna on Thursday unveiled legislation to help the Internal Revenue Service “put an end to runaway tax evasion...
Dallas billionaire natural gas producer watches profits soar as Texans freeze
Record cold temperatures combined with widespread power outages have brought considerable misery to millions of Texas residents. But one person...
Warren To Immediately Introduce Wealth Tax Bill
Nearly one year after suspending a presidential campaign that she built on the idea of a national wealth tax, Sen....
Wilbur Ross is the Ebenezer Scrooge of the Trump administration
The comparisons between Charles Dickens’ miserly, Christmas-hating curmudgeon, Ebenezer Scrooge, and members of President Donald Trump’s Cabinet flow fast and...
Trump Back At Mar-A-Lago, Raising Taxpayer Golf Tab To $151.5 Million
Donald Trump has arrived at his Palm Beach, Florida, resort for the 31st golf vacation there of his presidency, raising...
After Billionaires Gained $1 Trillion in Wealth, Says Sanders, It Is Not ‘Radical’ to Demand More $1,200 Stimulus Checks
Sen. Bernie Sanders on Friday took to the Senate floor to once again make the case for sending another round...
Argentina Approves Tax on Millionaires to Fund COVID-19 Recovery
Lawmakers in Argentina on Friday approved a new one-time levy on the country’s richest citizens to raise money to address...
Poll: Two-Thirds of Americans Favor Raising Taxes on Incomes Over $400K
A compelling majority of Americans favor raising taxes on people who make more than $400,000 per year, according to a...
McConnell Pushes for ‘3-Martini Lunch’ Deduction and Zero Relief for 26 Million Hungry Americans
Sen. Bernie Sanders on Wednesday blasted Senate Majority Leader Mitch McConnell for pushing a coronavirus relief measure that contains a...
GAO report details how taxpayers subsidize corporate giants who pay low wages
Pinpointing a reality denounced as “morally obscene” by Sen. Bernie Sanders, a new government study shows how some of the...
Trump Freezes Wages of Farmworkers Following Election
ust days after U.S. voters went to the polls to help deny President Donald Trump another four years in the White House,...
Kushner’s apartment management company moves to evict hundreds of families as COVID moratoriums expire
Westminster Management, a residential management company owned by White House Senior Advisor Jared Kushner, has quickly moved in to file for...
Low-income Mississippi county is a favorite IRS target — and residents pay more than Trump in taxes
When the late New York City real estate magnate Leona Helmsley infamously said “only the little people pay taxes,” she spoke the...
Billionaire wealth rises to more than $10 trillion for first time ever amid pandemic
Billionaire wealth increased to $10.2 trillion through the end of July, setting a new record amid the coronavirus pandemic even...
Dark Money Behind Supreme Court Nominee Amy Barrett
The Senate Judiciary Committee hearings on the nomination of Amy Coney Barrett to the Supreme Court are one part comedy,...
Obamacare repeal would bring a huge tax cut for the rich
The fate of the Affordable Care Act (ACA), known as Obamacare, lies with the Supreme Court: The nation’s highest court will...
Our Tax Code Is Designed To Create Donald Trump
In 2011, The New York Times published what was, at the time, the most shocking expose on tax policy in...
Taxpayers looking at their monthly bills have a lot of thoughts about Trump’s $750 tax bill
The $750 in federal income taxes that Donald Trump paid in 2016 and 2017 is an attention-grabbing number—in large part...
