Truthout
Taxes
Wealthy Americans Failed to Pay $65.7 Billion in Taxes From 2017 to 2020
The amount owed by over 1.4 million high earners is almost enough to fund a universal child care program for one year.
Child Poverty More Than Doubled in 2022 After Congress Let Tax Credit Expire
Over 5 million more children were plunged into poverty in 2022 after stimulus provisions expired.
Warren Grills Tax Prep Companies Over Lobby Against Free Tax Filing Services
The IRS is preparing a pilot program for a broad free tax filing program, but tax prep firms are lobbying against it.
Warren, Sanders Urge Biden Officials to Crack Down on Crypto Tax Evaders
Congress mandated new tax rules for crypto traders nearly two years ago, but officials have yet to implement them.
Senator Files Bill Barring Fox From Getting $200M Tax Break From Lawsuit Payment
An arcane tax provision lets the company save up to $213 million in taxes due to its $787 million defamation settlement.
Progressives Unveil Bill to Tax Billionaire Wealth Up to 8 Percent
The bill would create four tax brackets to tax those with “runaway wealth.”
Warren, Sanders Report Reveals Tax Prep Firms Are Sending Taxpayer Data to Meta
The data of millions of taxpayers has been shared with “stunning disregard for taxpayer privacy,” the report found.
OECD Secretly Lobbied Against Law Requiring Corporations to Disclose Tax Records
The club of wealthy nations strong-armed Australia's government into gutting a bill targeting corporate tax evasion.
World’s Richest Added Average of $14M Per Day to Their Wealth Over Past 6 Months
The 500 richest people on the planet collectively added $852 billion to their fortunes in the first half of 2023.
Sanders Introduces Bill to Make Community College Free by Taxing Wall Street
The College for All Act would be paid for by a tax on Wall Street transactions.