Two-Thirds Of People In The US Want To Tax The Rich

By Howard Schneider and Chris Kahn, -

WASHINGTON/NEW YORK (Reuters) - The idea of imposing a wealth tax on the richest Americans has elicited sharply divergent views across a spectrum of politicians, with President Donald Trump [...]

Colombians Launch National Cacerolazo Against Tax Reform

By Telesur English. -

Thousands participated in a pot-banging protest in Bogota on Monday afternoon [December 16, 2019] in the Plaza de Bolivar, in order to demand the burying of a tax reform bill in the Congress of [...]

Baltimore Nonprofits Fail To Pay Their “Fair Share” Of City Services

By Mark Reutter, Baltimore Brew. -

Last night the City Council ripped off one of the biggest scabs on Baltimore’s body politic – the fact that large nonprofit institutions pay no property taxes. At an informational hearing, the [...]

Ninety-One Profitable Fortune 500 Companies Paid $0.00 In Federal Income Taxes

By Staff, -

This study provides a comprehensive overview of profitable corporations’ effective tax rates in 2018, the first year that companies were subject to the Tax Cuts and Jobs Act (TCJA), the tax law [...]

Tax Gap Of Silicon Six Over $100 Billion So Far This Decade

By Staff, -

The Fair Tax Mark will later this week release a new report, The Silicon Six and their $100 billion global tax gap, which examines the tax conduct of Facebook, Apple, Amazon, Netflix, Google and [...]

‘Ten Year Challenge’ For 400 Wealthiest Americans Shows Fortunes Doubled Since 2009 While Tax Rates Dropped

By Eoin Higgins, -

"Here's the thing: the way the system is set up, we're headed for another decade of this." Exemplifying a national economy rigged in favor of the already rich, the wealthiest 400 people in the [...]

Evanston Will Use Recreational Marijuana Sales Tax Proceeds To Fund Local Reparations Program

By Genevieve Bookwalter, -

Evanston aldermen on Monday approved directing all sales tax revenue collected from recreational marijuana purchases to a fund that will establish a local reparations program. Officials say the [...]

Claims That Wealth Taxes Slow Economic Growth Are Fundamentally Flawed

By Josh Bivens, -

In recent weeks, a number of policy analyses of progressive economic policies—a surtax on high-incomes, a wealth tax, and Social Security expansion—have claimed these policies would damage [...]

Multinational Mining Corporations Are Exploiting U.S. Taxpayers

By Nicole Gentile, -

Under the Trump administration, corporate profits have taken priority over public lands time and time again. However, the biggest of all handouts to the mining industry started decades before [...]

Opinion: Why A Surtax On Multimillionaires’ Income Is Better Than A Wealth Tax

By Chuck Collins, -

Some business leaders may be concerned about some of the tax proposals being floated by Democratic candidates for president. But plenty of them — from JPMorgan Chase JPM, -0.36%  CEO Jamie Dimon [...]

Taxing The Rich Is Only A Start, Though It’s A Good One

By Doug Henwood, -

It’s become near-consensus on the social democratic left that you can fund a decent welfare state by taxing the rich and shrinking the military. Sad to say that isn’t true. Those are good things [...]

How Much In ‘Inequality Tax’ Are You Paying?

By Sam Pizzigati, -

What nation ranks as the world’s richest? A simple question to answer, right. Well, not so much, suggests the just-released tenth annual Global Wealth Report from the banking giant Credit Suisse. [...]

Corporate Taxes Based On CEO Pay: The Public Opinion Context

By Frank Newport, -

Sen. Bernie Sanders' focus on reducing what he calls "the outrageous level of inequality that exists in America today" has been a significant part of his campaign for the Democratic presidential [...]

Our Tax System Rewards Polluters

By Charlie Simmons, -

Greta Thunberg, the 16-year-old Swedish climate activist who sparked student protests across the globe, had this to tell the UN General Assembly in New York: “People are suffering. People are [...]

400 Richest U.S. Families Paid Lower Tax Rate Than Working Class, Study Finds

By Mary Papenfuss, -

For the first time in a century, the nation’s richest billionaires are paying a lower tax rate than working-class Americans, according to an analysis in a forthcoming book. The wealthiest 400 [...]