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...
Income and wealth are now more concentrated at the top than at any time over the last 80 years, and...
The top 1% of the highest-earning American households are hiding 21% of their income from the Internal Revenue Service, costing...
“Zoom saw its profits increase 4,000% last year,” former Labor Secretary Robert Reich noted. “But, wait for it, paid no...
President Biden cut child poverty in half with the American Rescue Plan, and he is following it up by making...
Budget / Inequality / Politics / Richest One Percent / Taxes
by onepercenttakers · Published March 9, 2021
With the possibility of getting a more straightforward $15 federal minimum wage increase passed under the reconciliation process as part...
Donald Trump’s taxes were officially handed over to the Manhattan D.A.’s office on Monday, just hours after the Supreme Court...
Betterment / Corporations / Richest One Percent / Taxes
by onepercenttakers · Published February 22, 2021
Congressman Ro Khanna on Thursday unveiled legislation to help the Internal Revenue Service “put an end to runaway tax evasion...
Nearly one year after suspending a presidential campaign that she built on the idea of a national wealth tax, Sen....
The Biden-Harris plan for COVID-19 relief contains a lot of good stuff tucked into it, like this: a child tax...
Lawmakers in Argentina on Friday approved a new one-time levy on the country’s richest citizens to raise money to address...
A compelling majority of Americans favor raising taxes on people who make more than $400,000 per year, according to a...
Sen. Bernie Sanders on Wednesday blasted Senate Majority Leader Mitch McConnell for pushing a coronavirus relief measure that contains a...
When the late New York City real estate magnate Leona Helmsley infamously said “only the little people pay taxes,” she spoke the...
The fate of the Affordable Care Act (ACA), known as Obamacare, lies with the Supreme Court: The nation’s highest court will...
Corruption / Inequality / Richest One Percent / Taxes
by onepercenttakers · Published September 30, 2020
In 2011, The New York Times published what was, at the time, the most shocking expose on tax policy in...
Corruption / Inequality / Richest One Percent / Taxes
by onepercenttakers · Published September 28, 2020
The $750 in federal income taxes that Donald Trump paid in 2016 and 2017 is an attention-grabbing number—in large part...
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...
CEOs / Corruption / Inequality / Richest One Percent / Taxes
by onepercenttakers · Published May 24, 2020
Sen. Bernie Sanders was among critics outraged that the fossil fuel industry is using tax breaks in the CARES Act...
Recently, the Federal Reserve announced that it would be loosening its lending guidelines so that more corporations, even those with...
Budget / Corruption / Inequality / Politics / Richest One Percent / Taxes
by onepercenttakers · Published April 14, 2020
Enjoy your $1,200 one-time consolation prize for losing your livelihood, your way of life, and your economic security in this...
Although the Tax Cuts and Jobs Act of 2017 did precious little to reduce the tax burden of middle-class Americans,...
Corporations / Lobbyists / Richest One Percent / Taxes
by onepercenttakers · Published January 1, 2020
A “disturbing” New York Times story published Monday detailed how President Donald Trump’s Treasury Department, led by former Goldman Sachs banker Steve...
President Donald Trump has pushed his taxpayer-funded golf tab past $118 million on his 26th visit to Mar-a-Lago, his for-profit...
More than 90 large, profitable corporations on the Fortune 500 list effectively did not pay a penny in federal income...
Trump’s corporate giveaways and failure to improve the lives of ordinary working Americans are becoming clearer by the day. Trump...
New polling results released Friday find broad support for Sen. Elizabeth Warren’s proposed wealth tax, with Americans across most demographic...
Property documents reveal that Donald Trump has been listing higher values on his loan applications and lower values on his...
Sen. Elizabeth Warren on Wednesday evening called out the news media for focusing their coverage of her proposed Ultra-Millionaires Tax largely...
In the midst of a heated court battle with Manhattan over his tax returns, President Donald Trump announced Thursday night...
It won’t be a burden. It will be a relief. And for the large majority of those living in the...
Betterment / Fighting Back / Inequality / Richest One Percent / Taxes
by onepercenttakers · Published October 29, 2019
California Congressman Jimmy Gomez on Friday introduced legislation in the Democrat-controlled U.S. House that aims to address “our country’s rapidly...
The Treasury Department is being forced to borrow a staggering $1 trillion for the coming fiscal year, after the Republican...
The U.S. tax system is supposed to be progressive, meaning that wealthier households pay a larger share of their income...
“A treasury secretary who can’t count needs to be held accountable.” That was the message progressive advocacy group Americans for...
Rep. Jamie Raskin (D-MD) explained that Trump is not allowed to take any money from the taxpayers beyond his salary,...
In a furious tweetstorm, a former adviser to the Ohio Republican Party expressed disgust at how far the GOP has...
Our investigative series The Koch Papers illustrates many deep problems in America’s creaky, century-old income tax system, especially how our...
Stephen Smith worked at an AT&T call center in Meriden, Connecticut, for over 20 years before the giant telecoms company...
As the mid-April deadline for filing 2018 tax returns was approaching, accountants and tax preparers had their share of clients who...
President Donald Trump’s golf habit has cost taxpayers $102 million and counting, HuffPost estimated in a Wednesday report, based on an analysis...
The New York Times disclosure that Donald Trump was able “to avoid paying income taxes” for years, while he racked up $1.17 billion...
Some politicians are calling for higher taxes on the rich. Naturally, these proposals have unleashed a torrent of opposition –...
The results are in regarding the Republican Tax Scam, and average American citizens are the big losers. According to the...
Banks / Richest One Percent / Taxes
by onepercenttakers · Published March 11, 2019 · Last modified March 12, 2019
As reports continue to come out from angry American voters saying that their tax refunds are shriveling or that they...
Something odd happened when the Trump administration submitted the original version of its latest pro-corporate budget: Big Pharma didn’t like...
"Ronald Reagan's theory was really 'trickle down' economics...and renamed 'supply side.' Cut tax rates for the wealthy; everyone else will benefit. As Reagan's budget director David Stockman confided at the time, the supply-side rhetoric 'was always a Trojan horse to bring down the top rate.'" —The Gipper's Economy. To see how the Trickle Down Con was sold to the public click here.