Thursday, December 1, 2022

Tag: tax the rich

This graph shows where surging corporate profits increasingly go: Tax havens

The global corporate minimum tax would ensure all companies worldwide pay a minimum tax of 15% and would require higher taxes of large companies in countries where they have customers.

‘Tax the Rich,’ say millionaire activists protesting at Davos amid record...

"Any millionaire who has sense enough to see that our current economic model is failing will support these protests."

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.

POPULAR

Hype about Democrats passing the torch: Don’t get fooled again

While Pelosi quickly endorsed Rep. Hakeem Jeffries to replace her as leader, an overall closer look reveals a problematic record.

Blessings and curses of a losing Trump finale: A boon to Democrats could hurt...

It’s not clear whether benighted, garden-variety Republicanism (or Democratism) is a better stimulant for Progressive politics vs. another vapid, sensationalized, chaotic Trump circus stunt.

As corporations enjoy record-high profits, experts urge Congress to ‘rein them in’

"Instead of raising interest rates and slowing the economy toward a recession, Congress and Biden should be taking aim at corporate price gouging."

Populist climate action requires thinking about freedom from specific oppressors—not just species survival

The climate crisis is a form of oppression by a wealthy few.

San Francisco approves police deployment of potentially lethal, remote-controlled robots

“Robots will only be used as a deadly force option when [the] risk of loss of life to members of the public or officers is imminent and outweighs any other force option available to SFPD.”