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...
Category: Taxes
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...
‘Wage theft’: Millions of workers will earn less in 2021 under Trump’s payroll tax deferral
Days after the payroll processor for the federal government—one of the nation’s largest employers—announced it would implement President Donald Trump’s plan...
Big Oil Takes $1.9 Billion in Tax Breaks Intended for Small Businesses
Sen. Bernie Sanders was among critics outraged that the fossil fuel industry is using tax breaks in the CARES Act...
Fossil Fuels Already Get Billions in Bailouts — They’re Called Subsidies
Recently, the Federal Reserve announced that it would be loosening its lending guidelines so that more corporations, even those with...
How the Republicans are stealing everything for the 1 percent
Enjoy your $1,200 one-time consolation prize for losing your livelihood, your way of life, and your economic security in this...
Republican lawmakers personally made millions from their giant tax cut: report
Although the Tax Cuts and Jobs Act of 2017 did precious little to reduce the tax burden of middle-class Americans,...
How Trump quietly handed billions more in tax breaks to huge corporations
A “disturbing” New York Times story published Monday detailed how President Donald Trump’s Treasury Department, led by former Goldman Sachs banker Steve...
Trump’s Mar-A-Lago Winter Vacation Pushes Taxpayer Golf Tab Above $118 million
President Donald Trump has pushed his taxpayer-funded golf tab past $118 million on his 26th visit to Mar-a-Lago, his for-profit...
Amazon, Chevron, and Starbucks Among 91 Fortune 500 Corporations That Paid $0 in Federal Income Taxes
More than 90 large, profitable corporations on the Fortune 500 list effectively did not pay a penny in federal income...
Robert Reich: How Trump has betrayed the working class
Trump’s corporate giveaways and failure to improve the lives of ordinary working Americans are becoming clearer by the day. Trump...
Poll Finds That Even Most Republicans Back Warren’s Ultra-Millionaire Tax
New polling results released Friday find broad support for Sen. Elizabeth Warren’s proposed wealth tax, with Americans across most demographic...
Trump Busted For Bank And Tax Fraud In Newly Obtained Documents
Property documents reveal that Donald Trump has been listing higher values on his loan applications and lower values on his...
Warren Suggests Corporate Media Ask Working People, Not Just the Very Rich, About Her Wealth Tax
Sen. Elizabeth Warren on Wednesday evening called out the news media for focusing their coverage of her proposed Ultra-Millionaires Tax largely...
‘Tax Dodger-in-Chief’ Trump Changes Permanent Residency From New York to Florida
In the midst of a heated court battle with Manhattan over his tax returns, President Donald Trump announced Thursday night...
Elizabeth Warren Proves That Most Americans Will Get a Big Tax Break Under Medicare for All
It won’t be a burden. It will be a relief. And for the large majority of those living in the...
Democrats Take Aim at ‘Trust Fund Babies’ With Estate Tax Designed to Combat Wealth Inequality
California Congressman Jimmy Gomez on Friday introduced legislation in the Democrat-controlled U.S. House that aims to address “our country’s rapidly...
Government To Borrow One Trillion Dollars To Pay For Tax Cuts For Billionaires
The Treasury Department is being forced to borrow a staggering $1 trillion for the coming fiscal year, after the Republican...
America’s richest 400 families now pay a lower tax rate than the middle class
The U.S. tax system is supposed to be progressive, meaning that wealthier households pay a larger share of their income...
Off by $1 Trillion — Two-Year Anniversary of Mnuchin Lie That Trump Tax Cuts Would Slash Deficit
“A treasury secretary who can’t count needs to be held accountable.” That was the message progressive advocacy group Americans for...
Trump Breaks The Law Every Time Taxpayer Money Is Spent At One Of His Properties
Rep. Jamie Raskin (D-MD) explained that Trump is not allowed to take any money from the taxpayers beyond his salary,...
Former Republican consultant busts party as racists who want tax cuts for the rich
In a furious tweetstorm, a former adviser to the Ohio Republican Party expressed disgust at how far the GOP has...
David Cay Johnston: Here’s how the super rich avoid paying taxes — and what we can do about it
Our investigative series The Koch Papers illustrates many deep problems in America’s creaky, century-old income tax system, especially how our...
Bosses pocket Trump tax windfall as workers see job promises vanish
Stephen Smith worked at an AT&T call center in Meriden, Connecticut, for over 20 years before the giant telecoms company...
Corporations paid $91 billion less in taxes under GOP tax code overhaul
As the mid-April deadline for filing 2018 tax returns was approaching, accountants and tax preparers had their share of clients who...
Trump’s Golf Has Cost Taxpayers $102 Million
President Donald Trump’s golf habit has cost taxpayers $102 million and counting, HuffPost estimated in a Wednesday report, based on an analysis...
Rigged: How US tax law props up people like Donald Trump
The New York Times disclosure that Donald Trump was able “to avoid paying income taxes” for years, while he racked up $1.17 billion...
Robert Reich: The 12 biggest myths about raising taxes on the rich
Some politicians are calling for higher taxes on the rich. Naturally, these proposals have unleashed a torrent of opposition –...
Republican Tax Scam: Consumers Lost $6 Billion, Big Banks Pocketed $28 Billion
The results are in regarding the Republican Tax Scam, and average American citizens are the big losers. According to the...
$28 Billion in Tax Cuts Last Year Went to Banks
As reports continue to come out from angry American voters saying that their tax refunds are shriveling or that they...
Taxpayers — not Big Pharma — have funded the research behind new drugs
Something odd happened when the Trump administration submitted the original version of its latest pro-corporate budget: Big Pharma didn’t like...
The Trump-GOP Tax Law Continues To Crater As Refunds Plummet By 17 Percent
The Trump-Republican tax scam continued to rear its ugly head for the third straight week as figures released late Friday...
Amazon To Pay $0 In Federal Taxes In 2019
Amazon almost doubled its profits from $5.6 billion in 2017 to $11.2 billion in 2018, but the company isn’t expected to...
Average Tax Refund Down 8.4 Percent As Money Under Republican Tax Plan Goes Into Accounts of Billionaires
Average tax refunds were down last week 8.4 percent for the first week of the tax season over the same...
Trump’s Vacations To Mar-A-Lago Cost Taxpayers $13.6M, Government Report Finds
President Trump and his entourage cost taxpayers a combined $13.6 million for just four trips over one month to his...
Billionaires Whine About Elizabeth Warren’s Proposed Billionaire Tax
I suppose this Morning Joe mini-discussion is the closest thing we’re going to get in terms of a discussion of...
Most Americans Support Ocasio-Cortez’ 70% Marginal Tax Rate Idea
In a blow to conservatives everywhere a new Hill-HarrisX survey supported Ocasio-Cortez’ beliefs and found that most Americans by a...
What does Alexandria Ocasio-Cortez know about tax policy? A lot. — Paul Krugman
I have no idea how well Alexandria Ocasio-Cortez will perform as a member of Congress. But her election is already...
The GOP Reboots Its Old Tax and Budget Scam
Get ready to see it on your TV. The GOP is about to kick back into Two Santa Clauses mode...
“Speaker Ryan will always be remembered for rigging the system to prioritize the wealthy”
As House Speaker Paul Ryan (R-Wis.) delivered his farewell address on Wednesday after 20 years of relentlessly working to gut social programs for the...
The Special Counsel’s Russia Probe is Making Millions by Catching Serial Tax Cheats
The special counsel’s spending on the Russia probe has now exceeded $25 million, according to the Department of Justice, but...
