tax revenues

‘Exactly What This Country Needs’: Progressives Applaud Biden’s Proposal to Raise Taxes on Wealthy | Common Dreams News

End of the Reagan “Trickle down economics” or the biggest wealth transfer in the history of the US? “High-income earners, wealthy investors, and millionaire heirs have skated by without paying their fair share for far too long,” Pearl continued. “The tax hikes proposed by President Biden would reverse decades of our tax code prioritizing wealth […]

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We’re Bailing Out Who? Corporate Tax Avoidance Remains Rampant Under New Tax Law

“The report finds that in 2018, 60 of America’s biggest corporations zeroed out their federal income taxes on $79 billion in U.S. pretax income. Instead of paying $16.4 billion in taxes at the 21 percent statutory corporate tax rate, these companies enjoyed a net corporate tax rebate of $4.3 billion.” Corporate Tax Avoidance Remains Rampant

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