Tag: tax breaks for the wealthy
When you’re a billionaire, your hobbies can slash your tax bill
Thoroughbred horses, auto racing, massive ranches, luxury hotels. The hobbies and side businesses of the ultrawealthy create huge write-offs that can let them get away with paying little or no income tax for as much as a decade at a time.
Jeff Bezos, Elon Musk, and you. Which one pays taxes?
Leaked IRS data shows just how little billionaires pay in taxes.
New Analysis reveals how little the top .001% pay in taxes
“Looks like the biggest tax story of the year, if not the decade.”
Tax evasion and the 1%
“The richest 1% of U.S. households don’t report 21% of their income.”
“Liberals” need to nip this massive corporate tax break in the...
This tax-break not only lets the giant, multinational corporations get away with doing what Trump did, it hands them a huge, beautiful reward for doing it.
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Balanced budget amendment would put Social Security, Medicare, and core public services on the...
The proposal would make revenue increases extraordinarily difficult while allowing tax cuts to pass more easily, shifting pressure onto widely used federal programs.
Pentagon seeks $200 billion for Iran war as costs surge and Congress pushes back
Lawmakers question the scale, legality, and strategy of a massive funding request as troop deployments expand and the conflict shows signs of escalation.
The Paris Prelude: Why the US and China are moving toward a Cold Peace
Nuanced engagement is an improvement over chaotic confrontation.
DNC approach to Israel is political malpractice and moral failure
On no issue is that more apparent than the DNC’s insistence on treating Israel as above serious reproach.
Scale raises the ceiling, but fiscal foundations determine whether autocracy or democracy prevails
The implication is stark: democracy is not only a constitutional or ideological arrangement; it is fundamentally a fiscal one.