A levy of just 1 percent on wealth over $1 billion would raise more than $2 billion per year to meet the state's urgent social needs.
Legislators in Washington state are taking bold steps towards instituting a state-level wealth tax. The proposed tax is a 1 percent levy on wealth over $1 billion, applying to fewer than 100 households in the state. Continue reading →
The reporters behind the Panama Papers and the Paradise Papers have more to share. We should pay attention.
On September 20, the International Consortium of Investigative Journalists (ICIJ) –the reporters who brought us the “Panama Papers” and the “Paradise Papers”—released the “FinCEN Files,” in collaboration with Buzzfeed News. Continue reading →
Unemployment is low, but federal employees are lining up at food banks. They aren’t alone.
As the government shutdown drags on, the image of federal workers lining up at food pantries has dramatized just how many workers live financially close to the edge. Continue reading →
Urban billionaires are trotting out the tractors and overalls in a bizarre effort to roll back their taxes.
After this summer, President Trump and the Republican Congress have one big item on their agenda: taxes. Specifically, cutting them for the rich. Continue reading →
The worst part of Trump paying zero taxes? It’s probably entirely legal
The tax code has one set of rules for the super-rich and another for everyone else. A cottage industry exists to help them avoid taxes.
Posted on October 5, 2020 by Chuck Collins
Donald Trump’s tax returns are a stark illustration of what’s broken with the US tax system: the tax code has one set of rules for the richest 0.1% and another for everyone else. Continue reading →