Two new reports today about Walmart, the world's top provider of crap. One points out that Walmart is a tax dodger; the other points out that Walmart worsens our national hunger crisis. A banner day for Walmart!
Earlier this year, Steve Ballmer bought the L.A. Clippers for more than $2 billion. He may be able to write $1 billion of that off his taxes. Uhhh. "Some... experts believe that owners get too many tax breaks."
While the generally shitty fallout of yesterday's election day can be read about in thorough detail over here, there's at least one law that passed yesterday and should be celebrated: The forthcoming, first-ever soda tax imposed in America which passed yesterday in Berkeley, Calif. with over three-quarters of the…
New York City is a place where a distinct lack of affordable housing meets a huge supply of luxury housing—much of which is not even used as a primary residence. The city's very richest are aghast at a proposal that their pied-a-terres be taxed.
It is not easy to find housing in big cities. In New York City, apartments are both expensive and hard to come by. Among the many ways to address this problem, here is one that should please almost everyone: make rich people live in the fucking apartments they own.
It is easy to feel as though average citizens have no real power over the monetary scams, schemes, and predations of rich and powerful people and corporations. Not true. All of us hold a power that amount of money can buy: the power of our approval.
The most popular argument against high taxes on the rich by localities is that these rich people will simply flee for other, lower-tax locations. According to a new study here in NYC, this is false.
Andrew Ross Sorkin, hardworking New York Times Dealbook boss and Wall Street bootlicker, reports today on how hard it is, emotionally, for a patriotic corporate executive to flee America to avoid taxes. Poor companies! Poor CEOs!
This weekend, Hank Paulson, the Republican former Treasury Secretary and Goldman Sachs CEO, wrote an op-ed calling for a carbon tax. Has the political landscape shifted enough to make a carbon tax a real possibility?
America has treated the Clinton family pretty well. They've become millionaires many times over. But a new report says that even as they support policies to tax the estates of the extreme wealthy, they try to avoid those taxes on their own wealth.
After decades of rising income inequality (and a nudge from Occupy and Thomas Piketty), it's finally "cool" to talk about taxing the hell out of the grotesquely wealthy in order to make our world somewhat more equal. Let's examine an argument against this sort of taxation, to see why it is weak.
Carbon emissions are causing global warming. Global warming is a slow motion disaster. The consensus is that we must make drastic changes soon. How? We need a carbon tax. A carbon tax is our only hope. Time for a carbon tax now.
You are allowed to be mad at an IRS agent for saying you owe $330,000 in back taxes. You are not allowed to leave him phone messages saying you will "torture the agent, rape and kill the agent's wife, injure the agent's daughter and then finally kill the agent."
It's great to be rich. It's extra double great to be super rich. And not just because you have all that extra money—because being super rich actually lets you pay lower taxes.
A new report estimates that U.S. taxpayers spend more than $6 billion each year to provide government benefits to low-paid Walmart workers. The Walton family, which owns Walmart, is worth $149 billion, and is always working to pay lower taxes.
Here is something that may come as a surprise: the U.S. government can—and will!—confiscate your tax refund or Social Security money because of overpayments that it made to your parents decades ago.
Governor Andrew Cuomo and New York state legislators have carved out $300 million in next year's budget for New York City's prekindergarten programs. Mayor Bill De Blasio promised an expansion of NYC's pre-k offerings loudly and frequently during campaign season and to pay for it with a tax increase on the city's…
Today in Ways the United States Tax Code Benefits the Rich: a new study indicates that the politically popular mortgage-interest deduction is useful mostly for helping affluent people buy larger homes.
It's not just America suffering from levels of economic inequality that threaten the very fabric of society. It's the whole world. So the rich need to pay the piper. That is the considered opinion of the International Monetary Fund, which is not a revolutionary organization.
