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Taxes
Bipartisan Tax Bill Offers Generous Corporate Tax Relief, Inadequate Poverty Aid
A proposed bill increases the child tax credit, but fails the poorest families. Yet corporations would see a windfall.
Poll: 74 Percent of Millionaires in G20 Countries Support Higher Taxes on Wealth
Meanwhile, 260 millionaires and billionaires signed a letter imploring leaders to raise taxes on rich people like them.
IRS Funding Targeted by GOP Has Allowed Agency to Recover $500M From the Rich
Democrats said the IRS’s successes have made it clear that the GOP is trying to protect their wealthy benefactors.
In 41 States, Richest 1 Percent Pay Lowest Tax Rate of Any Group
In 34 states, the families with the lowest incomes pay the highest tax rate of any other group.
US’s Wealthiest Collectively Held $8.5 Trillion in Untaxed Assets in 2022
“This is why we need a billionaire income tax,” Americans for Tax Fairness said.
Report: Thomas May Also Be Dodging Tax Bill With Failure to Report Gifts
The likely millions of dollars worth of gifts Thomas has received may count as taxable income, a recent report found.
Anti-Abortion Pregnancy Centers in FL Get Taxpayer Funds With Little Oversight
Many are receiving double -- and even triple -- the amount of funds they received in previous years.
Elon Musk Wants Me Fired. The People of San Francisco Want Him Taxed.
Seeing progressive policies succeed in San Francisco, the billionaire class is now waging a war against working people.
Under Trump, IRS Audited Low-Income Families at Higher Rate Than Millionaires
More than a million wealthy Americans have evaded close to $66 billion in federal taxes in recent years.
UK Authorities Prosecuted Just 11 Wealthy People for Tax Fraud Last Year
In both the U.K. and the U.S., tax authorities avoid prosecuting the wealthy for fear of legal and political backlash.