Truthout
Taxes
Bernie Sanders Introduces Bills to Fix the “Corrupt and Rigged Tax Code”
As budget chairman, Sanders has introduced bills to tax corporations and the wealthy while helping the working class.
1 Percent Owes Billions in Unpaid Taxes. IRS Must Reclaim It for Infrastructure.
Want to cause a real ruckus, President Biden? Draft a bill to overhaul the IRS and tax trillions stashed by the rich.
White House Eyes Funding Free Community College With Tax Increase on the Rich
The White House is discussing tax increases for corporations and the wealthy to fund a $3 trillion infrastructure bill.
IRS Researchers Find Top 1% of US Households Don’t Report About 21% of Income
The new analysis finds that these households often use complex tax avoidance strategies to outmaneuver audits.
Sanders Pitches Bill to Close Wide Pay Gap Between CEOs and the Average Worker
The legislation would hike taxes on large corporations that pay their CEOs over 50 times more than its median worker.
Biden to Push for Higher Taxes on Wealthy, Most Ambitious Plan Since Early 1990s
The proposals Biden is considering would increase federal revenues by around $2.1 trillion.
While Democrats Pass Stimulus, Republicans Unveil Estate Tax Repeal for Top 0.1%
Republicans have unveiled their latest attempt to repeal the estate tax that only affects the richest of the rich.
To Renew Our Democracy, We Need to Tax the Ultrarich
After the tech sector, Wall Street is the second highest source of wealth for American billionaires.
Elizabeth Warren Unveils 2 Percent Wealth Tax on “Ultra-Millionaires”
The Ultra-Millionaire Tax Act of 2021 calls for a 2 percent tax on wealth between $50 million and $1 billion.
Supreme Court Rejects Trump’s Last-Ditch Effort to Block Taxes From Manhattan DA
“The work goes on,” Manhattan District Attorney Cyrus Vance tweeted minutes after the decision was announced.