Friday, May 20, 2022

Tag: tax the rich

Tax on global mega-rich could help lift 2.3 billion out of...

"During 2021, we witnessed the epidemic of Covid-19 and wealth-hiding, and it's time to reverse course."

Senate Democrats propose minimum corporate tax

“While these companies report billions in profits, they often pay no income tax to the IRS and leave hardworking families holding the bag.”

5 charts on taxing wealth to pay for the build back...

Proposals in play to pay for the ambitious public investment plan could help reverse skyrocketing wealth inequality.

NYT runs interference for billionaires who don’t want their wealth taxed

Fortunately for them, they’ve got the New York Times running interference.

The secret to actually taxing the rich

Imagine what programs we could fund, how many people we could help, if the IRS was able to recoup that $163 billion that the top 1 percent shorts the government every year. Fully funding the IRS should be a no-brainer.

‘Tax the rich’? Democrats’ plans to make the wealthy pay a...

It's far below the level of progressivity the United States embraced in the middle of the 20th century—when wealthier individuals paid a much higher share of their income in taxes than the poor.

Sports teams: The everlasting tax shelter for billionaires

A perverse loophole allows owners of profitable teams — and their heirs — to lower their tax bills by claiming huge paper losses.

The billionaire playbook: How sports owners use their teams to avoid...

Owners like Steve Ballmer can take the kinds of deductions on team assets — everything from media deals to player contracts — that industrialists take on factory equipment. That helps them pay lower tax rates than players and even stadium workers.

New Analysis reveals how little the top .001% pay in taxes

“Looks like the biggest tax story of the year, if not the decade.”

What if we actually taxed the rich?

It’s not radical to rein in this irresponsibility. It’s radical to let it continue.

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Looks like another ‘bad blue’ just bit the dust

Jamie McLeod-Skinner, as the replacement for Bad Blue Kurt Schrader, would not be beholden to any of the many corporate PACs that supported him.

Former Minneapolis cop pleads guilty to manslaughter during George Floyd arrest

“His acknowledgment he did something wrong is an important step toward healing the wounds of the Floyd family, our community, and the nation."

New research could lead to solar panels that work at night

“We do not yet have the miracle material that will make the thermoradiative diode an everyday reality, but we made a proof of principle and are eager to see how much we can improve on this result in the coming years.”

As the planet warms, let’s be clear: We are sacrificing lives for profits

Climate change is the result of a deadly calculus: human lives are worth risking and even losing over the profits of global corporations.

How America can stop violence against health care workers

“The severity seems to keep going up. It doesn’t go down.”