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...
Category: Taxes
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...
‘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...
