The Massachusetts senator defends her plan to tax billionaires and break up Big Tech.
Tag Archives: Income Tax
The I.R.S. Warns of Messy Tax Filing Season
The agency, which has been hobbled by paperwork backlogs and short staffing, said tax filers should expect a lower level of service this year.
Rift Between Wyden and Son Shows the Challenge of Taxing the Ultrarich
A dispute between Ron Wyden, the Democratic Senate Finance Committee chairman, and his hedge fund-manager son illustrates how the merely rich help the fabulously rich resist tax increases.
In Their 80s, and Living It Up (or Not)
Two octogenarians have different reactions to an essay, “Living My Life Again.” Also: “Illiberal democracy”; housing in the Bronx; rich vs. poor
What’s in the $2.2 Trillion Social Policy and Climate Bill
The package includes $400 billion to bolster support for children and families, $555 billion for climate change programs and $166 billion in housing aid.
The ‘Benefits Cliff’ Discourages People From Making More Money
When low-income workers increase their paychecks, they can end up poorer.
Liberal Hypocrisy Is Fueling Inequality
Why do states with democratic majorities fail to live up to their values?
Brexit Brain Drain Delivers Financial Boon to Estonia
The former Soviet satellite state is welcoming British companies looking to escape the tangle of regulations and financial obstacles of doing business in Europe.
Democrats Employ Budget Gimmicks They Once Derided
Budget experts say true cost of legislation could be $4 trillion as lawmakers rely on sleights of hand to bring down the price tag.
Democrats Push for Agreement on Tax Deduction That Benefits the Rich
Lawmakers are coalescing around a deal to suspend a $10,000 cap on state and local tax deductions that was imposed during the Trump administration.
Biden Finds Raising Corporate Tax Rates Easier Abroad Than at Home
As the Group of 20 seals a new global minimum tax for companies, the president has scaled back his plans to tax U.S. corporations more.
A Billionaire’s Tax Isn’t as Crazy as It Sounds
Parts of the existing tax code are not that different from Biden’s proposed tax on the ultrawealthy.
How $2 Trillion in Tax Increases in Biden’s Bill Target Companies and the Rich
The proposal to fund the president’s sprawling spending plan mostly turns up the dial on more conventional tax policies, while trying to curb maneuvers that allow tax avoidance.
Billionaires Beat the Working Rich in Biden’s Spending Bill
One by one, tax proposals that would have slowed dynastic wealth have been tossed from the agreement.
How Biden’s $2 Trillion in Tax Increases Target Companies and the Rich
The proposal to fund the president’s sprawling spending plan mostly turns up the dial on more conventional tax policies, while trying to curb maneuvers that allow tax avoidance.
Democrats Rush to Rewrite U.S. Tax Code in Days
Lawmakers are racing to finalize legislation to pay for new spending initiatives. The process usually takes months, but they are trying to do it in days.
How Democrats Would Tax Billionaires to Pay for Their Agenda
The plan stakes out new territory by putting levies on unrealized gains in the value of billionaires’ liquid assets, such as stocks, bonds and cash.
Democrats Hammer Out Novel Plan to Tax Billionaires and Corporate Giants
New proposals would fund social and climate programs by tapping billionaires’ unrealized gains and by ensuring that the biggest companies cannot avoid income taxes altogether.
Proposed Tax on Billionaires Raises Question: What’s Income?
Democrats are homing in on unrealized capital gains raises as a way to help fund their social spending bill.
Tax Evasion and the Republican Party
By enabling resistance to lawful taxation, Republicans are undermining democracy.
Democrats Consider Billionaires Tax
Senator Kyrsten Sinema’s refusal to accept corporate, individual or capital gains tax rate increases has led Democrats to consider proposals once championed by the party’s most liberal flank.
Democrats Back Away From Raising Tax Rates to Pay for Agenda
Responding to concerns from a key centrist, Senator Kyrsten Sinema of Arizona, the White House and leading Democrats are instead discussing a range of other taxes to pay for the plan.
The I.R.S. Can Register Voters Just as Well as the D.M.V.
You should be able to join the voter rolls when you file your taxes.
In Push to Tax the Rich, White House Spotlights Billionaires’ Tax Rates
A White House analysis using an unconventional methodology says the wealthiest Americans pay far less in taxes than others.
House Democrats’ Plan to Tax the Rich Leaves Vast Fortunes Unscathed
The House Ways and Means Committee’s proposal to pay for trillions in social spending leaves wealth gains and inheritances largely alone. It focuses instead on a more traditional target: income.
House Democrats Outline Tax Increases for Wealthy Businesses and Individuals
The draft proposal includes raising the corporate tax rate to 26.5 percent for the richest businesses to help pay for President Biden’s sweeping expansion of the social safety net.
Democrats and Lobbyists Gird for Battle Over Far-Reaching Tax Increases
Congressional committees this week begin drafting tax increases on the wealthy and corporations to pay for a $3.5 trillion social policy bill, but the targets are putting up a fight.
When to Collect Social Security: Why You Should Wait
More details on why experts advise to wait to claim benefits and on benefits for divorced spouses.
Child Tax Credit Payments Have Begun. Should You Opt Out?
While the payments in advance of tax season are a welcome relief for many families, there may be reasons for others to decline the money, for now.
In Case Against Trump’s Company, Echoes of His Father’s Tactics on Taxes
The first criminal prosecution involving the former president’s business hearkens back to Fred Trump’s $16,135 purchase of boilers in the 1990s.
Trump Organization Indictment: What We Know
Charges against the former president’s company and a top executive, explained.
Top Trump Executive Allen Weisselberg Surrenders to Face Charges
The Trump Organization and Mr. Weisselberg have been indicted in connection with a tax investigation and are expected to appear in court later Thursday.
Weisselberg, ‘Soldier’ for Trump, Faces Charges and Test of His Loyalty
The Trump Organization executive is expected to be charged on Thursday, along with the company, as he comes under increasing pressure to turn on the family.
Trump Organization Lawyers Meet With Manhattan Prosecutors
An indictment against the business, the Trump Organization, and a top executive, Allen Weisselberg, could come as soon as this week in Manhattan.
What You Need to Know About the Child Tax Credit
In mid-July, millions of families will get the first of six monthly payments of as much as $300 per child from the U.S. government.
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.
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.
Warren Buffett and the Myth of the ‘Good Billionaire’
There is no way to be a billionaire in America without taking advantage of a system predicated on cruelty.
Fat Cats on a Hot Tin Roof
Pay up, Monopoly Men; freeloading isn’t cool.
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.
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.
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.
How Billionaires Used Tax Loopholes to Save Billions
A bombshell report raises questions about the tax bills of the wealthy.
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.
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.
Here Are Some Tips for Teenagers on Landing a Summer Job
Openings abound now but may go quickly, so it’s wise to submit applications soon. And don’t wear jeans and a T-shirt to the interview.
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.
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.
Republicans Push Biden to Divert Federal Aid for Infrastructure
Unexpected receipts, driven in part by taxes on high earners riding a hot stock market, have prompted Republicans to push the president to spend on infrastructure instead.
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.