Truthout
Taxes
Trump, Ivanka and Don Jr. Agree to Testify in New York AG’s Investigation
The investigation is looking into whether Trump misstated the value of his businesses for financial benefit.
26 of US’s Richest Billionaires Paid 4.8 Percent Tax Rate in Recent Years
Warren Buffett paid an effective tax rate of only 0.1 percent between 2013 and 2018, IRS documents show.
Boris Johnson Rejects Windfall Tax on Massive BP Profits as Gas Prices Soar
Johnson claims the profits go to investment, but 60 percent has been going to share buybacks.
As Gas Prices Soared in 2021, Big Oil CEOs Got a Nearly $45 Million Raise
Twenty-eight major oil and gas CEOs collected a whopping $394 million in compensation in 2021.
Majority of Voters Support Biden’s Billionaire Income Tax, Poll Finds
Fifty-nine percent of likely voters support the proposal to levy a minimum tax on the ultrarich.
Warren Argues Windfall Profits Tax Can Help Democrats Avert Big Midterm Losses
The senator noted that there is much President Biden can do unilaterally to deliver relief to people across the U.S.
Leaked IRS Data Show the Very Richest Pay Lower Tax Rates Than the Merely Rich
An unprecedented trove of leaked data shows who reported the most income in the U.S. — as well as their tax rates.
Majority of Corporations Don’t Pay State Income Taxes in at Least 7 States
Between 60 and 90 percent of corporations in seven states paid zero state corporate income taxes between 2015 and 2019.
Come Tax Day, Billionaires Who’d Rather Not Pay Can Usually Find a Way Not to
Tax season looks very different for those who make their money via wealth instead of wages.
Warren & Chu Call Out IRS Auditors for Targeting Households Making $25K or Less
Households with incomes below $25,000 are five times more likely to be audited than everyone else.