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.
"Corporations will continue to play international shell games with their profits while moving American jobs overseas."
Our political leaders have been aware of the stepped-up basis loophole for decades, yet have done nothing.
By using the power of the public purse, can we encourage federal contractors to be upstanding corporate citizens?
Sens. Elizabeth Warren and Sheldon Whitehouse demanded an investigation into how the rich use “legal tax loopholes to avoid paying their fair share of income taxes.”
Income tax disclosure ought to be the law of the land, not a criminal offense.
"We need to foster a recovery beyond regressing to the same-old, same-old. We need to tax the rich.”