Tag: tax the rich
This graph shows where surging corporate profits increasingly go: Tax havens
The global corporate minimum tax would ensure all companies worldwide pay a minimum tax of 15% and would require higher taxes of large companies in countries where they have customers.
‘Tax the Rich,’ say millionaire activists protesting at Davos amid record...
"Any millionaire who has sense enough to see that our current economic model is failing will support these protests."
Tax on global mega-rich could help lift 2.3 billion out of...
"During 2021, we witnessed the epidemic of Covid-19 and wealth-hiding, and it's time to reverse course."
Senate Democrats propose minimum corporate tax
“While these companies report billions in profits, they often pay no income tax to the IRS and leave hardworking families holding the bag.”
5 charts on taxing wealth to pay for the build back...
Proposals in play to pay for the ambitious public investment plan could help reverse skyrocketing wealth inequality.
NYT runs interference for billionaires who don’t want their wealth taxed
Fortunately for them, they’ve got the New York Times running interference.
The secret to actually taxing the rich
Imagine what programs we could fund, how many people we could help, if the IRS was able to recoup that $163 billion that the top 1 percent shorts the government every year. Fully funding the IRS should be a no-brainer.
‘Tax the rich’? Democrats’ plans to make the wealthy pay a...
It's far below the level of progressivity the United States embraced in the middle of the 20th century—when wealthier individuals paid a much higher share of their income in taxes than the poor.
Sports teams: The everlasting tax shelter for billionaires
A perverse loophole allows owners of profitable teams — and their heirs — to lower their tax bills by claiming huge paper losses.
The billionaire playbook: How sports owners use their teams to avoid...
Owners like Steve Ballmer can take the kinds of deductions on team assets — everything from media deals to player contracts — that industrialists take on factory equipment. That helps them pay lower tax rates than players and even stadium workers.
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The ultimate corporate corruption: Trump appoints Musk to oversee US regulations
Examining the implications of Musk’s appointment to lead Trump’s new department of Government Efficiency and what It means for American democracy.
Trump’s plans to weaponize the military against protesters and immigrants face fewer legal constraints
Amid threats to deploy federal troops for mass deportations and protest suppression, advocates warn that recent legal shifts may grant unprecedented latitude to a second Trump administration.
Looming fascism and the question of hope
Let’s make the most of it, no matter how much hope we have. What we need most of all is not optimism, but determination.
JD Vance hints at Elon Musk’s role in targeting Social Security under Trump’s ‘efficiency’...
Republican vice-presidential nominee J.D. Vance reveals Elon Musk could lead a commission to cut federal spending, with Social Security and the Department of Defense as potential targets. The billionaire’s past decision-making raises concerns about the future of essential programs.
What are republics, exactly? It’s a good time to learn
Republican ideals have evolved over millennia, shaping governance across the globe. Modern republics continue to adapt, but face challenges in upholding their foundational principles.