Tag: tax the rich

The amendment, applying a 4 percent annual surtax to individuals with incomes over $1 million, was passed via a statewide ballot initiative in 2022.

The affluent gang at Patriotic Millionaires is making the case for an entirely new tax system.

A little history might just inspire us to try that taxing again.

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.

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

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

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

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

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

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.