Monday, May 12, 2025

Tag: tax the rich

Tax the rich? We did that once

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

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.

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Seven dead in ICE custody in Trump’s first 100 days as detainee population swells

At least seven migrants have died in ICE custody since January, as the Trump administration expands detention and dismantles oversight across a system plagued by abuse, neglect, and inhumane conditions.

The real evil empire may surprise you

Serving in (or thinking about) the U.S. military for 40 years.

Texas voters reject far right school boards in sweeping backlash to book bans

Dozens of candidates who backed book censorship policies lost their seats in school board elections across Texas, signaling public fatigue with partisan attacks on students, educators, and libraries.

GOP Medicaid cuts would drop millions from coverage while boosting tax breaks for the...

New Republican plan could strip 8.6 million Americans of healthcare while permanently enriching the ultra-wealthy through revived 2017 tax breaks.

One in ten Americans lives in a sinking city, new study finds

Groundbreaking research from Columbia University reveals that land beneath America’s largest cities is sinking—mostly due to groundwater extraction—posing a hidden but growing threat to infrastructure, flood safety, and climate resilience.