Truthout
Taxes
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.
Billionaires Win and We Lose at Pandemic Super Bowl 2021
Even in a pandemic, 64 billionaires have seen incredible gains from the major league sports teams they own.
Warren Says Her First Move on Finance Committee Will Be a Wealth Tax
After landing a spot on the Finance Committee, Warren said, “It is time to make the ultra-rich pay their fair share.”
Ilhan Omar Pushes Tax on All Stock Trades Amid GameStop Controversy
Taxing every trade made on Wall Street could produce more than $1 trillion in federal revenues.