Tag: 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.
American taxpayers foot $5,000 bill each for militarism
The analysis disclosed that a staggering $2,974 of the average taxpayer's income was funneled directly to the Pentagon.
POPULAR
States settle antitrust suit over $111 billion Paramount-Warner Bros. merger
Critics say a force-majeure clause and a company-appointed editorial board leave the settlement's protections easy to escape.
Unions win settlement forcing Trump administration to rescind shutdown mass-firing policy
The agreement follows a court fight that began after roughly 4,200 federal employees received layoff notices during last fall's 43-day shutdown.
Federal judge orders White House to restore access for CNN, MS NOW and Politico
The order lasts 14 days, and the outlets have until Monday to seek a preliminary injunction after some reporters were briefly turned away despite the ruling.
The best comeuppance for the first anti-American administration – perpetual exposure as the seditious...
If Russia or China wanted a Manchurian candidate (a brainwashed stooge who betrays his own background and constituency), could they have surpassed the president harumphing in the White House?
Why didn’t Netanyahu’s cabinet preempt October 7 (since it knew about it in advance)?
New York Times reporting confirms Israeli leadership had advance intelligence before the October 7 attack, raising fresh questions about why it was not acted on.