• Nonprofit work

    Bad News for Charity on Giving Tuesday

    By Michael Rainey

    “Despite Giving Tuesday and despite all the charitable appeals that almost certainly landed in inboxes, charitable donations by individuals declined by slightly more than 1 percent in 2018, according...

  • Only One Demographic Group Opposes Warren’s Wealth Tax

    The idea of a wealth tax like the one proposed by Sen. Elizabeth Warren is popular with a broad swath of voters, Ben Casselman and Jim Tankersley of The New York Times report . A new nationwide poll...

  • A homeless woman sits on a bench few blocks away from the White House in downtown Washington

    Chart of the Day: Record Low Poverty Rate

    By Michael Rainey

    The extensive array of government assistance programs — including Social Security, unemployment insurance, veterans’ benefits, nutritional aid, rental assistance and the Earned Income Tax Credit —...

  • Public Investment Is the Key to Avoiding Economic Stagnation: Report

    By Michael Rainey

    Economic stagnation on a global scale is a growing threat, according to a new report from the Organization for Economic Co-operation and Development (OECD). The group’s November economic outlook...

  • FILE PHOTO: Democratic presidential candidate Senator Elizabeth Warren speaks during the fourth U.S. Democratic presidential candidates 2020 election debate at Otterbein University in Westerville, Ohio U.S.

    Pushing Back Against the Wealth Tax at the Dem Debate

    By Michael Rainey

    Sen. Elizabeth Warren defended her proposed wealth tax at the Democratic presidential debate on Wednesday night: “I’m tired of freeloading billionaires,” Warren said . “I think it's time that we ask...

  • 2020 Democratic U.S. presidential candidate and U.S. Senator Bernie Sanders speaks during a campaign event in West Branch, Iowa

    Bernie Sanders’ New Inequality Tax Targets High CEO Pay

    By Michael Rainey

    Bernie Sanders released a plan Monday that would penalize companies that pay their CEOs far more than their average workers. The proposal is designed to combat rising income inequality, Sanders said...

  • A security camera hangs near a corner of the Internal Revenue Service (IRS) building in Washington

    What Tax Cheats (and Mistakes) Cost the IRS

    The Internal Revenue Service on Thursday said that the annual “tax gap,” the difference between federal taxes owed and the amount actually collected, averaged $441 billion from 2011 to 2013. Of that...

  • FILE PHOTO:  U.S. President Trump displays signature after signing tax bill into law at the White House in Washington

    4 Lessons from the Tax Cuts and Jobs Act So Far

    By Michael Rainey

    Most tax experts agree that it’s too soon to make any final conclusions about the Tax Cuts and Jobs Act, which has been in effect for less than two years and contains provisions that seek to...

  • U.S. Senators Sanders listens as Senator Warren speaks on the first night of the second 2020 Democratic U.S. presidential debate in Detroit, Michigan, U.S.

    Bernie Sanders's Wealth Tax Targets the Very Rich

    By Michael Rainey

    Senator Bernie Sanders released a proposal Tuesday for a wealth tax designed to raise trillions of dollars while significantly reducing the fortunes of some of America’s richest households. Saying he...

  • The deadline is approaching to report large foreign bank accounts to the IRS.

    Mapping Tax Havens

    By Michael Rainey

    Multinational corporations routinely shift billions of dollars around the world to reduce their tax bills. In 2016, according to researchers from the University of California at Berkeley and the...

Taxes Directory

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