Tag: taxes
IRS reclaims over $1 billion from wealthy tax evaders in under...
New IRS funding from the Inflation Reduction Act targets wealthy tax dodgers, reclaiming over $1 billion in unpaid taxes.
Supreme Court upholds mandatory repatriation tax in Moore case
The mandatory repatriation tax (MRT) was enacted in 2017 as part of the Tax Cuts and Jobs Act and the provision has raised more than $300 billion of revenue for the federal government since then.
IRS targets basis shifting loophole to reclaim $50 billion from super...
IRS crackdown on complex tax maneuvers is set to generate significant federal revenue by enforcing compliance among high-income taxpayers.
Trump’s $48 billion corporate tax cut proposal exceeds annual K-12 education...
The proposed reduction in the corporate tax rate from 21% to 15% would result in massive tax savings for the largest U.S. companies, benefiting wealthy shareholders while neglecting workers and public investments.
The Medicare Advantage Paradox: How private insurers cost taxpayers billions
Recent studies and reports from the Medicare Payment Advisory Commission (MedPAC) reveal that MA overpayments have significantly burdened taxpayers.
Roman oligarchs avoided tax liability and restrictions on land size
The oligarchic tradition of land-grabbing and tax dodging goes back centuries.
Fossil fuel tax could unlock $720 billion for climate crisis, new...
The Climate Damages Tax aims to rectify historical injustices and provide a tangible pathway towards a more sustainable and just world.
New report reveals millionaires’ tax rates slashed by half since 1950s,...
This stark reduction in tax rates for the wealthiest Americans coincides with an era of escalating income disparity and could be costing the federal government hundreds of billions in lost revenue annually.
Sanders and Schakowsky champion corporate tax reform to end ‘legalized tax...
The Corporate Tax Dodging Prevention Act is a bold initiative designed to close the gap in the corporate tax code that allows for extensive tax avoidance.
Billionaire fortunes double in wake of Trump’s tax cuts
The report sheds light on the private equity sector, often criticized as "vulture capitalism," revealing that 45 private-equity billionaires alone have amassed a collective wealth of $210.8 billion.
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David Huitema confirmed as ethics Czar amid fears of Trump’s return and conflict of...
As Trump’s second term looms, the Senate confirmed David Huitema to lead the Office of Government Ethics. Advocates praise the move, but critics warn of a tough road ahead for government accountability.
Trump’s Energy Department pick: A Fracking CEO who claims ‘there is no climate crisis’
Wright’s history of denying the severity of climate change raise critical questions about his ability to lead an agency central to energy innovation and climate policy.
Pentagon fails seventh straight audit amid $1 trillion military budget
Meanwhile, Congress continues to approve unprecedented increases in military spending, pushing the budget close to $1 trillion.
Protesters demand US Senate block weapons sales to Israel amid Gaza death toll exceeding...
Emblazoned with slogans like “Stop Arming Israel” and “Fund Housing, Not Genocide,” demonstrators gathered in the Hart Senate Office Building ahead of a pivotal Senate vote on Wednesday.
Tlaib, ACLU, and advocates warn H.R. 9495 could empower Trump to silence nonprofits and...
Progressives and civil rights groups sound the alarm over legislation that could allow President-elect Trump to strip nonprofits of their tax-exempt status without evidence, threatening free speech and democracy.