Taxes

Meet The New Generation Of Tax Resisters Refusing To Pay For War

April 29, 2020 Lindsey Britt, Waging Nonviolence. Resist! Human needs, Taxes, Wars and Militarism

In light of the coronavirus pandemic, the IRS has taken the unusual step of extending the tax season to July 15 — a move that gives people more time to consider using the old, but often overlooked tactic of war tax resistance from the safety of their homes. For most people tax season is a hassle — involving organizing paperwork, gathering receipts, slogging through indecipherable forms — but it’s hardly an ethical or moral quandary. However, war tax resisters see taxes through a moral lens. For them it is a time ripe with opportunities for civil disobedience, charitable giving, and sophisticated accounting in the pursuit of peace — and now public health — by refusing to pay some or all of their income tax (and even their employment taxes in some cases). The tactic is most associated with historic peace churches, including Quakers and Mennonites, and Vietnam-era anti-war activists.

Billionaire Bonanza 2020

April 29, 2020 Chuck Collins, Omar Ocampo and Sophia Paslaski, IPS-DC.org. Educate! Billionaires, Pandemic, Taxes, wealth inequality

Billionaires dominate our politics, culture, and economy. Their wealth, as this report shows, has concentrated mightily over the last four decades — even as the number of U.S. households with zero or negative net worth is increasing and most of us are living paycheck to paycheck. The current pandemic is exposing our central economic and social reality: Extreme wealth inequality has become America’s “pre-existing condition.” In this report, we show how billionaire wealth has grown astoundingly over the last few decades — and, for some “pandemic profiteers,” even more dramatically since the COVID-19 crisis — even as billionaire tax obligations have plummeted. If this inequality isn’t treated with both short and long-term tax reforms and oversight, America’s “pre-existing condition” of extreme inequality could overwhelm not only our economy, but our democracy itself.

Israel May Ask For Double Its Usual $3.8 Billion From The US This Year

April 28, 2020 Alison Weir, If Americans Knew. Educate! Israel, Military Aid, Taxes, United States

Breaking Defense, a digital magazine that covers military issues, reports that Israel may ask for its U.S. aid early, possibly in a lump sum that could be as high as $7.6 billion. This would work out to almost $21 million per day from American taxpayers, even though the U.S. is approaching a $4 trillion deficit (the largest in the world), and Israel typically has a lower unemployment rate than the United States. The report is by Breaking Defense Israel correspondent Arie Egozi, an Israeli citizen who served in the Israeli military and is close to the Israeli security establishment. Egozi’s article states that because of the coronavirus pandemic, “Israel’s Ministry of Defense and high command have hammered out an emergency plan for an appeal to Washington.”

Billionaire Taxes Decreased By 79% Since 1980

April 16, 2020 Bob Lord and Chuck Collins, Inequality.org. Educate! Billionaires, Recession, Taxes, wealth inequality

Conventional economic wisdom says a time of crisis is not the moment to enact tax increases. But, as Eric Toder at the Tax Policy Center recently pointed out: “[Tax experts] can begin to think of the time after the pandemic passes and how government should respond to massive increases in the public debt, and the new tax increases that Congress will need to enact to fund them.” Initial tax increases should hold harmless working- and middle-class families who will be the most economically vulnerable coming out the pandemic. The first several trillion in new revenue should come from America’s wealthiest households, those who have seen their taxes slashed over past decades. At the top of the list of new tax increases should be a wealth tax on our billionaire class.

Taxes In A Time Of Coronavirus

March 22, 2020 the Institute on Taxation and Economic Policy. Create! Coronavirus, COVID-19, New Economy, Taxes

Some problems can only be solved when public officials have the resources to act. Today’s public health crisis is that kind of problem. Unfortunately, the Trump administration’s deep tax cuts leave our health infrastructure knee-capped, just when we need it most. This means more Americans will get sick, the economy will suffer more harm, and more people could die. Assertive, smart policy changes can protect us from the worst consequences. Changes to the tax code need to be among them. Here are five policies Congress and the Trump administration should enact to address coronavirus (also called COVID-19) and prepare us for future crises. Crises are inevitable but we have power over our response. The Trump administration’s weak response is making our people and likely our economy sicker. There are consequences to destroying our shared capacity to confront problems. We’re about to learn how deep. The current disaster threatens our health and our economy. Ongoing crises stem from fast-accelerating climate change, skyrocketing inequality, and inadequate federal response to both.

400 March And Rally To Tax Amazon As Momentum Grows Against Any State Ban On Taxing Big Business

March 5, 2020 Staff, Taxamazon.net Resist! Amazon, Ruling Class, Taxes

On Sunday March 1, 400 community members marched from the Cal Anderson Park fountain to the Amazon corporate campus as part of Seattle’s Tax Amazon movement. Against the backdrop of the Amazon Spheres, speakers talked about why there is such powerful momentum to tax Amazon and Seattle’s biggest corporations to fund social housing and Green New Deal programs.

To Tackle Inequality, We Need To Start Talking About Where Wealth Comes From

February 27, 2020 Laurie Macfarlane, Opendemocracy.net Strategize! Inequality, Taxes, Wealth

The studies, one commissioned by Trust for London and another by Tax Justice UK, explore public attitudes towards wealth based on focus groups held across England. Both found that most people are relatively content with people getting rich, and that attacks on the wealthy are often viewed negatively.

Isn’t A Wealth Tax Common Sense?

February 21, 2020 By J. Bradford DeLong, Project-syndicate.org Create! Ruling Class, Taxes

The wealth-tax proposals being advanced by Democratic US presidential primary contenders clearly meets the public-finance standard for an ideal form of revenue generation. So why have these plans drawn such vehement criticism from so many who should be supporting them? BERKELEY – I was not surprised when leading Democratic primary contenders began endorsing a “wealth tax” along the lines of what has been proposed by my University of California, Berkeley...

NYC Taxpayers Spending Millions On Cyber Center With Controversial Ties To Israeli Intelligence

February 19, 2020 By Whitney Webb, Mintpressnews.com Educate! Intelligence, New York (NY), New York City (NYC), NYC, Taxes

Early last week, the city of New York launched — with little media scrutiny — one of two new massive cybersecurity centers that will be run by private Israeli firms with close ties to Israel’s government, the so-called “Mega Group” tied to the Jeffrey Epstein scandal and prominent pro-Israel lobby organizations operating in the United States. The centers were first announced in 2018 as was the identity of the firms who would run them...

Dear Billionaires: Pitchforks Or A Fair Tax System?

January 30, 2020 By Chuck Collins, Inequality.org Educate! New Economy, Ruling Class, Taxes

World leaders, powerful corporate executives and influential activists will come together this week at the World Economic Forum in Davos, Switzerland. At the top of the agenda is “stakeholder capitalism” – the idea that corporations should consider the interests of all stakeholders, including employees, customers and communities, not just those of their own shareholders.

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

January 13, 2020 By Howard Schneider and Chris Kahn, Reuters.com Educate! Reform, Ruling Class, Taxes

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 branding it socialist and progressive Democratic presidential contenders Senators Elizabeth Warren and Bernie Sanders prominently endorsing it. But it may have broad public support, according to a Reuters/Ipsos poll that found nearly two-thirds of respondents agree that the very rich should pay more.

Colombians Launch National Cacerolazo Against Tax Reform

December 22, 2019 Telesur English. Resist! Colombia, General Strike, Taxes, Workers

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 the Republic, as it lowers duties on businesses. Colombia's National Strike Committee, comprised of major unions and student organizations, called this Monday for a national 'cacerolazo' (pot-banging protest) in rejection of the tax reform that the government insists on defending, despite the fact that many consider it harmful to millions of citizens. The Colombian Federation of Education Workers (FECODE) pointed out that the aforementioned bill had a detrimental impact on national revenue, mainly because of the reduction of income tax from 32 to 30 percent for legal entities.

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

December 22, 2019 Mark Reutter, Baltimore Brew. Educate! Baltimore, City Services, Nonprofits, Taxes

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 Council heard from advocacy groups who denounced a 2016 agreement with anchor hospitals and universities in which they agreed to pay a total of $6 million a year for their use of city services. Critics have called the Payments in Lieu of Taxes, or PILOT, a “backroom deal” passed by the Board of Estimates to allow the nonprofits to grossly underpay their fair share of taxes through June 2026. Negotiated by former Mayor Stephanie Rawlings-Blake, the deal was approved by Baltimore’s current mayor, Bernard C. “Jack” Young, when he was City Council president.

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

December 18, 2019 Staff, Itep.org Educate! New Economy, Profit, Ruling Class, Taxes

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 signed by President Donald Trump at the end of 2017. The law lowered the statutory federal corporate income tax rate to 21 percent (a 40 percent decrease from the previous 35 percent rate) and made other changes affecting what companies pay.

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

December 6, 2019 Staff, Fairtaxmark.net Educate! Corporations, Ruling Class, Taxes, Technology

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 Microsoft over the last decade. The report questions whether the companies, collectively referred to as the ‘Silicon Six’, are paying their way on tax. Together they have a combined market capitalization of $4.5 trillion and are worth more than the 1,000 companies listed on the London Stock Exchange.

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