Tag: taxes
IRS reclaims over $1 billion from wealthy tax evaders in under...
New IRS funding from the Inflation Reduction Act targets wealthy tax dodgers, reclaiming over $1 billion in unpaid taxes.
Supreme Court upholds mandatory repatriation tax in Moore case
The mandatory repatriation tax (MRT) was enacted in 2017 as part of the Tax Cuts and Jobs Act and the provision has raised more than $300 billion of revenue for the federal government since then.
IRS targets basis shifting loophole to reclaim $50 billion from super...
IRS crackdown on complex tax maneuvers is set to generate significant federal revenue by enforcing compliance among high-income taxpayers.
Trump’s $48 billion corporate tax cut proposal exceeds annual K-12 education...
The proposed reduction in the corporate tax rate from 21% to 15% would result in massive tax savings for the largest U.S. companies, benefiting wealthy shareholders while neglecting workers and public investments.
The Medicare Advantage Paradox: How private insurers cost taxpayers billions
Recent studies and reports from the Medicare Payment Advisory Commission (MedPAC) reveal that MA overpayments have significantly burdened taxpayers.
Roman oligarchs avoided tax liability and restrictions on land size
The oligarchic tradition of land-grabbing and tax dodging goes back centuries.
Fossil fuel tax could unlock $720 billion for climate crisis, new...
The Climate Damages Tax aims to rectify historical injustices and provide a tangible pathway towards a more sustainable and just world.
New report reveals millionaires’ tax rates slashed by half since 1950s,...
This stark reduction in tax rates for the wealthiest Americans coincides with an era of escalating income disparity and could be costing the federal government hundreds of billions in lost revenue annually.
Sanders and Schakowsky champion corporate tax reform to end ‘legalized tax...
The Corporate Tax Dodging Prevention Act is a bold initiative designed to close the gap in the corporate tax code that allows for extensive tax avoidance.
Billionaire fortunes double in wake of Trump’s tax cuts
The report sheds light on the private equity sector, often criticized as "vulture capitalism," revealing that 45 private-equity billionaires alone have amassed a collective wealth of $210.8 billion.
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Uncertainty looms over Trump’s assassination attempt: FBI questions details
FBI Director Christopher Wray’s testimony reveals doubts about whether Donald Trump was hit by a bullet or shrapnel during an assassination attempt, raising questions about the investigation’s progress and transparency.
Vance’s popularity crisis: Can the RNC afford to keep him on the ticket?
Polling reveals deep unpopularity for GOP vice presidential nominee J.D. Vance, raising questions about the Republican Party’s strategy and the potential consequences for the 2024 election.
American healthcare workers demand Biden and Harris end support for Israeli assault on Gaza
As President Joe Biden and Vice President Kamala Harris met with Israeli Prime Minister Benjamin Netanyahu, American healthcare workers who volunteered in Gaza urge U.S. leaders to end Israel’s assault, citing the atrocities witnessed firsthand.
Public opposition to Project 2025 surges as Trump distances himself
Awareness and disapproval of Project 2025 increase significantly despite Trump’s attempts to disassociate from the controversial conservative policy agenda.
730 million people faced hunger last year: A global crisis demanding urgent action
The latest UN report reveals alarming levels of hunger and malnutrition, highlighting the need for urgent political and financial commitments to address food insecurity worldwide.