Bad news, person who is seriously delinquent on payment of many tens of thousands of dollars in debt to the IRS: the Surface Transportation Reauthorization and Reform Act of 2015 says you might not be able to take that epic vacation to faraway lands for a while, reports the Washington Post.
The Tax Justice Network’s biennial ranking of the world’s friendliest tax havens for super-rich individuals and businesses looking to hide their assets is out. Folks, this one is a banger, with the United States leapfrogging Singapore, Luxembourg, and the Cayman Islands to take 3rd.
Cable news fever dream Donald Trump released his big tax plan this morning after hemming and hawing over the details on last night’s 60 Minutes interview.
Joseph Stiglitz, a Nobel Prize-winning economist, is one of the world’s most influential thinkers in the battle against economic inequality. He’s trying hard to remain optimistic. But it ain’t easy.
The Republican presidential primary campaign is, to a large extent, a convention of white male fantasy enthusiasts. You say you can double economic growth, with magic? Well I can... triple it!
One plausible estimate finds that America’s lowest-income households may spend more money playing (losing) the lottery than on any other form of tax. The lottery functions as a tax on those who can least afford to pay it.
Libertarian-esque wet dream Rand Paul is still considered a “serious” candidate for president, in part because people have not had time to fully digest his policy prescriptions. For example: today he proposed a massive tax cut for the rich!
A new report from Americans for Tax Fairness finds that Walmart—one of the most conspicuously flag-waving corporations in America—hides tens of billions of dollars in assets in overseas tax havens to avoid paying taxes in the US.
Nick Hanauer, a venture capitalist who was one of the first investors in Amazon, has the distinction of being one of America’s few progressive billionaires. We spoke to him about the class war—which he is busily fighting.
“Even as more states embrace legal marijuana, shops say they are being forced to pay crippling federal income taxes because of a decades-old law aimed at preventing drug dealers from claiming their smuggling costs and couriers as business expenses on their tax returns.” Taxman harshing your mellow? You’re not alone.
Some people believe that fighting economic inequality by curbing the wealth of the very rich is a bad idea because it would limit the incentives for progress that drive the capitalist system. This is not true.
Thanks to tax breaks like the mortgage interest deduction that overwhelmingly benefit the affluent, the top 1% of earners received more in government tax breaks than the bottom 80% of earners combined in 2013. The solution, as always, is to tax the rich.
If you haven't already filed your taxes, you're probably considering TurboTax, the widely used software that makes filing a return easy for our nation of babies and dimwits. Consider an alternative: according to two former high-ranking employees, the company ignored rampant refund theft because it could take a cut.
Timothy Norris paid the $600 he owed in property taxes last week with 600 folded one dollar bills. And after he refused to leave the tax office in Wichita Falls, Texas, he was hauled out by police.
In the White House's budget for fiscal year 2016, to be officially announced Monday, Barack Obama will call for a one-off, 14 percent tax on earnings held by multinational companies overseas, The Guardian reports. There is an estimated $2 trillion in such untaxed earnings.
President Obama will call on the Republican-controlled Congress to raise taxes on the wealthiest taxpayers and the largest financial firms in Tuesday's State of the Union Address, The New York Times reports.
Conservatives and free marketeers across the globe are crowing at the end of France's brief flirtation with a 75% tax on very high earners. Rich people simply fled the country. Let's treat these people like the refugees that they are.
Is Beyoncé still in Iceland? It is vitally important that she get this message, which is: Solange needs to borrow $55,ooo. According to TMZ, the state of California has issued a tax lien against her for allegedly failing to file taxes from 2010-2012.
If you are a middle class person who earns the national median income of $52,000, you pay a federal tax rate of 25%. If you earned ten thousand times that much money, your tax rate would go down.
While all of us are splitting our attention between Ferguson protests and Thanksgiving planning, Congress is trying to pass a package of tax breaks that would cost $440 billion. It is worth getting angry about!
