The US ultra-rich justify their low tax rates with three myths: Robert Reich
On Tuesday, the Congressional Budget Office released a study of trends in the distribution of family wealth between 1989 and...
Category: Richest One Percent
Analysis explains how Trump manages to pay fewer taxes than Americans with a household income of $20K
Former President Donald Trump manages to pay a substantially low amount in taxes each year despite his ultra-wealthy status. Now,...
Many politicians are happy to dole out subsidies for the rich and corporations while resisting pay increases for educators
As students return to the classroom, school districts across the country are facing a historic number of teacher vacancies – an estimated 300,000,...
Low-Wage Employers Spent Billions Inflating CEO Pay Through Stock Buybacks
tight labor market created a rare moment of leverage for low-wage workers last year. But Corporate America took no great...
Behind Starbucks union-busting stands CEO who got $940,000,000 richer during pandemic
An analysis released Wednesday shows that the multi-billionaire chief executive spearheading Starbucks’ aggressive and unlawful union-busting campaign has gotten $940...
GOP Led States Attempting to Use Covid Relief Funds to Provide Tax Cuts for the Rich
Republican leaders in nearly two dozen U.S. states are attempting—potentially in violation of federal law—to use coronavirus relief funds approved...
Ten Ways Billionaires Avoid Taxes On An Epic Scale
Last June, drawing on the largest trove of confidential American tax data that’s ever been obtained, ProPublica launched a series...
Leaked Video: Dark Money Group Brags About Writing GOP Voter Suppression Bills
In a private meeting last month with big-money donors, the head of a top conservative group boasted that her outfit...
Sanders Says Stop Busting People for Marijuana and Start ‘Prosecuting Crooks on Wall Street’
Sen. Bernie Sanders suggested Friday that instead of bringing the weight of the criminal justice system down on marijuana users,...
Robert Reich: America’s billionaire class is funding anti-democratic forces
Decades ago, America’s monied interests bankrolled a Republican establishment that believed in fiscal conservatism, anti-communism and constitutional democracy. Today’s billionaire...
US Is Number One – In Billionaires Hiding Money
A global index published Tuesday ranks the United States as the world’s leading perpetrator of financial secrecy, citing the country’s...
Sanders blasts Senate’s ‘strange priorities’ as it advances corporate welfare
Sen. Bernie Sanders of Vermont blasted the warped priorities of the U.S. Senate on Wednesday as the Democratic-controlled chamber moved to...
Robert Reich: Elon Musk wants to own Twitter to protect his ‘freedom’, not everyone else’s
Elon Musk has now put together a $46.5bn financing package to buy Twitter – two thirds of it from his...
Billionaire Peltz draws GOP megadonors to $5,000-a-plate fundraiser for “Democrat” Sen. Joe Manchin
Wall Street veteran Nelson Peltz hosted a $5,000-a-plate fundraiser for Sen. Joe Manchin at the billionaire’s sprawling Florida estate last...
Ultra-Rich To America: Happy Tax Weekend, Suckers!
Nikki Spretnak loved being an IRS agent. Being able to examine the books of different businesses gave her an intimate...
Biden’s 2023 Budget Includes a 20 Percent Billionaire Minimum Income Tax
On Monday, the White House unveiled President Joe Biden’s 2023 budget proposal, which includes a minimum tax on the nation’s...
Corporate sedition is more damaging to America than the Capitol attack
Capitalism and democracy are compatible only if democracy is in the driver’s seat. That’s why I took some comfort just...
A new report reveals a century-old American aristocracy
The United States was founded on the idea of freedom by right, not freedom by bloodline. But that has not...
Elizabeth Warren To Elon Musk: The World’s Richest Freeloader Evidently Has Very Thin Skin
Senator Elizabeth Warren responds to Elon Musk calling her ‘Senator Karen’ on Twitter in response to her call for him...
Sinema targeted over ‘morally unforgivable’ tax loophole for the rich
A group of wealthy investors and business leaders who support progressive taxation launched a campaign Tuesday aimed at pushing Sen....
These billionaires received taxpayer-funded stimulus checks during the pandemic
In March 2020, as the first wave of coronavirus infections all but shut down the U.S. economy, Congress responded with...
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...
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...
