The privatization of local public services that conservatives are pushing is a tax on all working people.
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Tag Archives: Federal Taxes (US)
John McAfee, Software Pioneer Turned Fugitive, Dies in Spanish Prison
Mr. McAfee, who has not been associated with the company that bears his name for more than two decades, was fighting extradition to the United States after his arrest in Spain.
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Why Boaz Weinstein Paid Little in Income Tax
The multimillionaire Boaz Weinstein disclosed why he paid no or little taxes for several years.
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Infrastructure Bill Talks Collide With Democrats’ Goal to Tax the Rich
Many Democrats see the push for an infrastructure package as an opportunity to raise taxes on rich individuals and corporations. But resistance is coming from multiple directions.
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Eyeing One Big Economic Bill, Democrats Face Myriad Challenges
With bipartisan infrastructure talks coalescing around a plan that omits many of their top priorities, Democrats are vowing to push through their own package. It won’t be easy.
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A Millennial Economist Helps Power a Tax Evasion ‘Brain Trust’
Natasha Sarin, a protégé of Larry Summers, is taking a leading role developing tax policy at the Treasury Department — to some progressive Democrats’ chagrin.
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Democrats Float $6 Trillion Plan Amid Talks on Narrower Infrastructure Deal
Democrats are considering moving unilaterally on a sweeping economic package even as bipartisan talks continue on a smaller infrastructure bill.
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Democrats Vow to Push Their Own Infrastructure Plan as Talks Drag On
As progressives balked at an emerging bipartisan deal, top Democrats said they hoped to move forward in July with a budget maneuver that would allow them to push through their own plan.
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Why Billionaires Pay So Little Tax
Leaked documents have reignited a long-simmering debate: Why are the ultrawealthy taxed so differently from those who earn far less?
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How Private Equity Conquered the Tax Code
How a powerful industry conquered the U.S. tax system.
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Inside the I.R.S. Files of the Ultra-Wealthy
The journalist Jesse Eisinger breaks down the ProPublica investigation into how little the uber-rich pay in taxes, and what that means for the rest of us.
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How Private Equity Firms Avoid Taxes
The I.R.S. almost never audits private equity firms, even as whistle-blowers have filed claims alleging illegal tax avoidance.
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ProPublica Report Has Congress Rethinking How to Tax Superrich
A report showing that the richest Americans, including Jeff Bezos, Elon Musk and Warren Buffett, pay almost no taxes has refocused attention on the tax code.
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Five Former Treasury Secretaries: Fund the IRS
America loses hundreds of billions of dollars to tax evasion every year. We need to give the I.R.S. the tools to combat it.
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How Billionaires Used Tax Loopholes to Save Billions
A bombshell report raises questions about the tax bills of the wealthy.
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The Real Tax Scandal Is What’s Legal
The wealthiest Americans live by a different set of rules, lavishly spending money that isn’t taxed as income.
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Rich Americans Like Bezos, Musk, Buffett Avoided Income Tax
An analysis by ProPublica based on Internal Revenue Service documents showed billionaires like Jeff Bezos and Elon Musk benefited from vagaries in the tax code.
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Investors Fret as Biden Takes Aim at a 100-Year-Old Tax Loophole
The administration wants to rein in a tax deferral on gains from the sale of real estate. Opponents worry that the move would stifle investment.
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Yellen Won a Global Tax Deal. Now She Must Sell It to Congress.
The Treasury secretary worked with finance ministers from the G7 to win support for a global minimum tax. But selling the idea to Republican lawmakers will not be easy.
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Global Tax Deal Reached Among G7 Nations
The Group of 7 nations reached an agreement over a global minimum tax that companies would pay regardless of where they are based.
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Global Finance Leaders Start Talks for Tax Overhaul
The overhaul under discussion includes a minimum tax that companies would pay regardless of where their headquarters were.
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Can the Rich Pay for a Better America?
Biden has it mostly right. But will Congress water down his plans?
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Biden Narrows Infrastructure Proposal to Win Republican Support
The president offered new concessions this week, including dropping his plan to reverse some of the 2017 tax cuts, as he tries to win support from Senate Republicans.
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Biden Narrows Infrastructure Request, but Hurdles Remain for Bipartisan Deal
The president offered new concessions this week, including dropping his plan to reverse some of the 2017 tax cuts, as he tries to win support from Senate Republicans.
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Biden Banks on $3.6 Trillion Tax Hike on the Rich and Corporations
The White House is proposing substantial increases in personal income tax rates for those earning about a half-million dollars and higher tax rates on large corporations.
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Biden’s $6 Trillion Budget Aims for Path to Middle Class, Financed by the Rich
The president’s budget envisions a redistribution of wealth that will allow more Americans to enjoy prosperity, and it invests in climate change, education and infrastructure.
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Trump’s Criminal Investigation Into His Finances
“Witch Hunt,” meet grand jury.
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What Digital Nomads Need to Know About Taxes Abroad
Working remotely while abroad has obvious appeal. But the tax consequences vary depending on where you go. Here’s what to know.
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U.S. Backs Global Minimum Tax of at Least 15% to Curb Profit Shifting Overseas
The Biden administration wants other countries to back a minimum tax as part of its plan to raise the U.S. corporate tax rate to 28 percent from 21 percent.
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Top Trump Executive Under Criminal Investigation Over Taxes
Attorney General Letitia James is investigating whether taxes were paid on perks that the Trump Organization gave to Allen Weisselberg, its chief financial officer.
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Tax Day 2021: Here’s What You Need to Know
The I.R.S. said tax filers who needed more time could have an extra month. The federal tax deadline has arrived.
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Biden Leans Into Plans to Tax the Rich
“We’re not going to deprive any of these executives of their second or third home, travel privately by jet,” the president said at the White House.
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Michael Jackson’s Estate Is Winner in Tax Judge’s Ruling
The decision on the value of Mr. Jackson’s name and likeness will significantly lower his estate’s tax burden from the government’s first assessment.
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Have Joe Biden’s First 100 Days Been That Transformational?
A politics driven by threats from angry voters, domestic uprisings and foreign states will not break the American impasse.
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Why a $10,000 Tax Deduction Could Hold Up Trillions in Stimulus Funds
The fight over SALT is a case study in the age-old conflict between constituent politics and national policy.
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How the Wealthy Are Planning for Biden’s Tax Increases
Financial advisers say they have been flooded with calls from clients who are trying to predict which of President Biden’s tax proposals will become law.
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Krugman Wonks Out: Why Doesn’t Cutting Taxes on the Wealthy Work?
Tax cuts for the rich may offer an incentive to work harder, but they’re also a big giveaway that encourages the elite to work less.
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Helping Families Will Help Create Jobs
Parents in other rich countries can take paid work because they have affordable child care. In the U.S. such care is prohibitively expensive.
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Biden, Calling for Big Government, Bets on a Nation Tested by Crisis
The president’s speech laying out trillions of dollars in new economic proposals plays to voters’ warm feelings toward federal aid in the coronavirus pandemic.
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Biden’s $4 Trillion Economic Plan, in One Chart
Money directed at families is added to an earlier proposal on infrastructure.
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Biden $1.8 Trillion Plan: Child Care, Student Aid and More
The proposed American Families Plan would expand access to education and child care. It would be financed partly through higher taxes on the wealthiest Americans.
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Justice Dept. Asked to Examine Whether Swiss Bank Kept Helping Tax Dodgers
Credit Suisse had admitted to helping American clients evade taxes in 2014 and was fined $2.6 billion, but it avoided even higher fines because of its vow that it had stopped the practice.
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Biden Seeks $80 Billion to Beef Up I.R.S. Audits of High-Earners
The president’s “American Families Plan,” which he will detail this week, will be offset in part by a tax enforcement effort that administration officials believe will raise $700 billion over a decade.
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Why Are Democrats Pushing a Tax Cut for the Wealthy?
Restoring an unlimited federal tax deduction for state and local tax payments is bad politics and bad policy.
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Biden Will Seek Tax Increase on Rich to Fund Child Care and Education
The president’s American Family Plan, which remains in flux, does not currently include an effort to expand health coverage, as administration officials had previously planned.
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Republicans Look to Slash the Size of Biden’s Infrastructure Plan
Working to avoid being cut out of the process, they presented a $568 billion blueprint that is a fraction of the size of President Biden’s proposal.
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Councilman Pleads Guilty to $82,000 Tax Fraud. He Has No Plans to Quit.
Chaim Deutsch, a city councilman from Brooklyn, falsely deducted business expenses, according to federal prosecutors.
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Biden Set to Raise Taxes on Rich to Fund Child Care and Education
The president’s American Family Plan, which remains in flux, does not currently include an effort to expand health coverage, as administration officials had previously planned.
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Make Tax-Dodging Companies Pay for Biden’s Infrastructure Plan
The corporate income tax has been gutted. Raising rates and cracking down on evasion are sensible ways to come up with trillions of dollars.
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The Justice Department sues Roger Stone, a longtime Trump ally, alleging tax evasion.
Mr. Stone and his wife failed to pay almost $2 million in federal income taxes, the government said in its complaint, which also said they tried to hide their wealth in an investment entity.
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