Truthout
Taxes
US Could Fully Fund Social Security by Targeting Wealthy Tax Dodgers, Wyden Says
“The ultra-wealthy are avoiding nearly $2 trillion in taxes every 10 years,” Sen. Ron Wyden said during a hearing.
US Leads World in Subsidies for Ineffective Tech Fixes for Climate Crisis
Over the last 40 years, the US has spent $12 billion in taxpayer money for carbon capture technology.
Project 2025 Proposal Would Tax Benefits for More Than 15 Million Workers
A new analysis finds that the policy would particularly cut into employer-sponsored health insurance.
Report: US Allows Tax Incentives for Donations to Israeli Groups Blocking Aid
Three groups, including one sanctioned by the U.S., have raised $200k in tax deductible donations.
Arizona’s “Model” School Voucher Program Is Causing Massive Budget Meltdown
The state is facing a $1.4 billion budget shortfall, much of it due to a tax-funded private school voucher program.
IRS Has Collected Over $1B From Wealthy Tax Cheats, Thanks to New Funding
Republicans have clawed back part of the funding allowing the agency to chase after millionaires for unpaid taxes.
Trump’s Empty Promise to Tipped Workers Won’t Provide a Living Wage
Labor advocates say Democrats should campaign on ending subminimum wages for tipped workers altogether.
IRS Finds Trump Used Dubious Accounting Maneuver to Claim Improper Tax Breaks
Losing a yearslong audit battle over the claim could see the ex-president facing a tax bill of more than $100 million.
Millionaires’ Effective Tax Rate Has Been Cut by Half Since Mid-20th Century
Between 1945 and 1980, households with a $1 million income or more paid effective tax rates as high as 60 percent.
How Are US Tax Dollars Being Spent? Hint: The Pentagon Is Cashing In.
The average US taxpayer sent $58 to fund antiwar diplomacy efforts versus $5,109 for militarism and its support systems.