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Tax Resistance Movement Grows In Response To US Support For Genocide

Since October 7, 2023, the slaughter of Gaza has played out on phone screens across the world and those following have seen indescribable images of violence. For many, beneath the experience of bearing witness to genocide is the awareness that, as Americans, it is our tax dollars funding the butchering of a nation. With this knowledge, more Americans are coming to the conclusion that they can no longer pay for the weapons and other support going directly to Israel, a settler colony that has murdered over 40,000 Palestinian people in Gaza over the past six months.

Last Year, You Spent Over A Month’s Rent On Pentagon Contractors

Ever wonder where your taxes go? Each year, the Institute for Policy Studies releases a tax receipt so you can find out. One item always stands out: the Pentagon — and the contractors who profit off it. In 2023, the average taxpayer spent $2,974 on the Pentagon. Of that, just $705 went to salaries for the troops, who often have to rely on programs like food stamps. A much larger sum — $1,748 — went to corporate Pentagon contractors. That’s more than the average American’s monthly rent, $1,372. From Lockheed Martin to SpaceX, these corporations don’t need your support. And they aren’t operating with your well-being in mind.

Voters Reject Stadium Sales Tax To Help Fund New Royals Ballpark

Jackson County voters handed the Kansas City Royals and Chiefs a major setback on Tuesday, rejecting a stadium sales tax extension that would fund a new downtown baseball stadium and renovations at Arrowhead Stadium. Question 1 would have repealed Jackson County’s existing 3/8th-cent sales tax and replaced it with a tax at the same level until 2064. The results mean that the existing sales tax will end in 2031, when the Royals and Chiefs’ leases expire, and can only be used on the existing Truman Sports Complex properties.

As Climate Crisis Expands, Canada Hands Billions To Fossil Fuel Industry

A new report by the nonprofit Environmental Defence indicates that, despite record profits for the fossil fuel industry and Canadian claims to eliminate subsidies, the government of Justin Trudeau continues to spend massive quantities of public money supporting the primary cause of climate change. “As people across Canada faced a fossil fuel affordability crisis, and climate disasters continued to ravage the country and the world, the government of Canada continued providing financial support to an industry that we need to be winding down in order to avoid catastrophic levels of warming.”

Colorado Looks To Rental-Car Fee To Fund Passenger Rail Projects

Denver, Colorado - Colorado legislators plan to introduce a bill that will increase the state fee on rental cars by $2 to $3 per day to help pay for proposed passenger rail service along the Front Range and to Craig, Colo., the Colorado Sun reports. The fee would generate as much as $50 million annually, which the state would use for matching funds for federal grant programs — specifically targeting the $60 billion for rail projects in the Infrastructure Investment and Jobs Act. “I really want to make sure Colorado gets some of that money,” state Senate President Steve Fenberg (D-Boulder) told the Sun.

Corporations That Pay Their Executives More Than Uncle Sam

Corporate tax dodging and CEO pay have both gotten so far out of control that a significant number of major U.S. companies are paying their top executives more than they’re paying Uncle Sam. Tesla is perhaps the most dramatic example. Over the period 2018-2022, the electric car maker raked in $4.4 billion in profits but paid no federal income taxes. Meanwhile, Tesla CEO Elon Musk became one of the world’s richest men. When it comes to fleecing taxpayers while overpaying executives, Tesla is hardly alone. A new report we co-authored for the Institute for Policy Studies and Americans for Tax Fairness analyzes executive pay data for some of the country’s most notorious corporate tax dodgers.

How $9 Billion From Taxpayers Fueled Plastics Production

Through billions in tax breaks and subsidies, taxpayers in Louisiana, Texas, and other states have supported the construction or expansion of dozens of facilities manufacturing plastics in the United States since 2012. However, many of these plants have also repeatedly exceeded legal limits on the air pollution they release into surrounding communities, disproportionately affecting people of color. That’s according to an Environmental Integrity Project (EIP) report published on Thursday. For instance, in 2015, then-Louisiana Governor Bobby Jindal welcomed Indorama Ventures — one of the world’s biggest producers of single-use plastic — to the state.

The Biggest Financial Scam In Human History

It's the largest financial scam in human history. $1 Trillion a year of your tax dollars goes to the Pentagon and they can't say where it's going. In fact they recently said they can't account for 63% of their assets — as they failed their sixth straight audit. But we do know they buy $52,000 trash cans. And we know they once lost $12 Billion of shrink-wrapped dollar bills in Iraq. And that's just the beginning of it. Most of the money is used to destroy lives around the globe. In this episode of America Inc. Lee Camp reveals all the dirty details with a dose of comedy thrown in to help the truth go down easier.

The ‘Ghost Budget’: How America Pays For Endless War

The post-9/11 wars in Iraq and Afghanistan were enabled by a historically unprecedented combination of budgetary procedures and financing methods. Unlike all previous U.S. wars, the post-9/11 wars were funded without higher taxes or non-war budget cuts, and through a separate budget. This set of circumstances – one that I have termed the “Ghost Budget” – enabled successive administrations to prosecute the wars with limited congressional oversight and minimal transparency and public debate. I adopted the name “Ghost Budget” because the term “ghost” appeared frequently in post-9/11 government reports in reference to funds allocated to people, places, or projects that turned out to be phantoms.

That New Hunter Biden Indictment

Before wading through the latest indictment of Hunter Biden, this one for nine counts of assorted tax violations, we must consider briefly the record of David Weiss, the special counsel who signed the 56–page document made public last Thursday. Only then can we read the grand jury findings unsealed last week for what they are and are not. David Weiss is the Justice Department attorney in Delaware who has run the DoJ’s lengthy (as in slow-walked) investigation into Hunter Biden’s alleged violations of tax and gun laws. Among much else, David Weiss appears to have connived with other Justice officials to cover up a Federal Bureau of Investigation finding that Hunter and President Biden accepted bribes of $5 million each from Burisma Holdings, the Ukrainian energy company where Hunter sat on the board from April 2014 to April 2019.

Imagine A Central Income Distribution Institution

Many years ago, I learned that the Faroe Islands has a peculiar process for compensating workers. There, employers pay each worker’s entire paycheck to the tax authority, which removes any taxes owed and then remits the remainder to each worker’s linked bank account. As part of this process, the tax authority also rolls in any welfare payments an individual is owed when making its periodic payments. Beyond these practical advantages, the idea of a central income distribution institution (CIDI) — i.e. a government entity that all income payments are routed through, even factor income payments like wages, dividends, and interest — is useful for thinking through certain intractable philosophical, accounting, and conceptual debates that frequently pop up in the economic policy discourse.

Share The Wealth Vs. Waste The Wealth

In 2020, the Trump team’s last full year, U.S. households annually making over $1 million faced fewer tax audits than households with incomes low enough to qualify for the Earned Income Tax Credit. That had never happened before. But the blame for this plutocratic about-face, a new Americans for Tax Fairness report makes clear, doesn’t belong to the Trump crew alone. Rich people-friendly members of Congress gave Donald Trump his tax-cutting playbook. Ever since 2010, they had been squeezing the IRS budget big-time, forcing the agency “to drastically pull back on auditing the ultra-wealthy.” How drastically?

Time To Start A Conversation About How We Tax Wealth

United Kingdom - The TUC has condemned a “tale of two Britains” which sees working people suffering “the longest pay squeeze in modern history” while bankers’ bonuses are at eye-watering levels and chief executive pay is surging. The damning criticism came as the TUC launched a blueprint to squeeze Britain’s multimillionaires for a “modest” proportion of their wealth and end the country’s “increasing wealth inequality.” The blueprint would raise £10 billion for the public purse and should be the “start of a national conversation about taxing wealth,” said TUC general secretary Paul Nowak. It would affect only 140,000 individuals — 0.3 per cent of Britain’s population.

Momentum For New And Expanded Child And Earned Income Tax Credits

2023 legislative sessions saw strong momentum toward creating and expanding child tax credits. Three states created a new permanent child tax credit, one created a one-time child tax credit payment, and seven states improved existing child tax credits. These efforts build on the success of the federal Child Tax Credit in reducing child poverty and improving outcomes for children in the near and long term. Many states this year have also improved their earned income tax credits (EITCs). State EITCs, like the federal EITC, boost incomes for people paid low wages and provide greater support for people caring for children, helping them better make ends meet and thrive in the long run, research has found.

The Federal Debt Trap: Issues And Possible Solutions

“Rather than collecting taxes from the wealthy,” wrote the New York Times Editorial Board in a July 7 opinion piece, “the government is paying the wealthy to borrow their money.” Titled “America Is Living on Borrowed Money,” the editorial observes that over the next decade, according to the Congressional Budget Office (CBO), annual federal budget deficits will average around $2 trillion per year. By 2029, just the interest on the debt is projected to exceed the national defense budget, which currently eats up over half of the federal discretionary budget. In 2029, net interest on the debt is projected to total $1.07 trillion, while defense spending is projected at $1.04 trillion.
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