Why is trickle-down economics still with us?
Within weeks of taking office, Britain’s new prime minister, Liz Truss, and her chancellor of the exchequer, Kwasi Kwarteng, proposed...
Category: Taxes
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,...
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...
Senator Sanders pushes for windfall profits tax on Big Oil
Sen. Bernie Sanders on Thursday slammed oil companies for raking in huge profits on the backs of U.S. consumers and...
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...
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...
Democrats Introduce Windfall Tax on Big Oil
Congressional Democrats on Thursday introduced the bicameral Big Oil Windfall Profits Tax to target price gouging by profit-gorging fossil fuel companies...
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....
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...
54 Members of Congress (All Democrats) Push for End to Fossil Fuel Subsidies
In a letter to House Speaker Nancy Pelosi and Majority Leader Steny Hoyer this week, 54 members of Congress called for...
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...
Senate Hearing: At Long Last, Audit The Pentagon
Sen. Bernie Sanders on Wednesday presided over a Senate Budget Committee hearing convened to examine waste and fraud at the...
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...
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...
Sanders, Omar Unveil Bill to End ‘Absurd Corporate Handouts’ to Fossil Fuel Industry
Sen. Bernie Sanders and Rep. Ilhan Omar introduced legislation Thursday that would eliminate dozens of tax loopholes, subsidies, and other...
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...
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...
Robert Reich: Zoom paying no taxes while getting rich is proof ‘the system is rigged’
“Zoom saw its profits increase 4,000% last year,” former Labor Secretary Robert Reich noted. “But, wait for it, paid no...
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...
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...
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....
Child tax credit in Biden-Harris COVID-19 relief plan would boost millions of kids out of poverty
The Biden-Harris plan for COVID-19 relief contains a lot of good stuff tucked into it, like this: a child tax...
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...
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...
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...
