Taxes
  • The Incredible Shrinking Tax Rate for the Rich

    By Michael Rainey

    The highest-income households in the U.S. have seen an enormous reduction in their overall tax burdens since 1950, a development highlighted Sunday by The New York Times’ columnist David Leonhardt,...

  • Would a Warren/Sanders Wealth Tax Kill the Economy?

    By Michael Rainey

    As Democratic presidential candidates debate a variety of new social programs, from universal health care to free higher education, Elizabeth Warren and Bernie Sanders are calling for a wealth tax to...

  • IRS: Sorry, but It’s Just Easier and Cheaper to Audit the Poor

    By Paul Kiel, ProPublica

    The IRS audits the working poor at about the same rate as the wealthiest 1% . Now, in response to questions from a U.S. senator, the IRS has acknowledged that’s true but professes it can’t change...

  • Senator Elizabeth Warren delivers a major policy speech  in Washington

    Elizabeth Warren Wants to Tax Corporate Lobbying

    By Michael Rainey

    Elizabeth Warren released a proposal to tax companies that spend more than $500,000 a year on lobbying the federal government. The goal of the plan is to “end lobbying as we know it,” Warren said in...

  • Tents and tarps erected by homeless people are shown along the sidewalks in the skid row area of downtown Los Angeles, California

    Rising Income Inequality Is a Fiscal Risk: Moody’s

    Income inequality in the United States last year reached the highest level since the Census Bureau started tracking it more than 50 years ago, even as median household income also reached a nominal...

  • US Taxes Lower Than in Most Developed Countries

    By Michael Rainey

    The Tax Policy Center on Monday released a chart that reminds us once again that taxes are lower in the U.S. than in most developed nations – and that was true even before the Republican tax cuts...

  • Monopoly

    Chart of the Day: Weak Effects of the Corporate Tax Cut

    By Michael Rainey

    Business investment has risen since the GOP tax cuts were signed into law by President Trump in 2017, but it’s not clear how much a contribution the tax cuts made to the relatively modest investment...

  •  U.S. President Trump hosts Medal of Honor ceremony for Atkins at the White House in Washington

    Trump’s ‘Terrible’ New Tax Cut Idea

    The Trump administration has been considering another tax cut that would primarily benefit the rich — and add about $100 billion to deficits over 10 years. The proposed change would reduce the taxes...

  • Who Isn’t Paying Income Taxes?

    By Michael Rainey

    Ten years ago, an economist at the Tax Policy Center calculated that 47% of Americans paid no federal income tax. That figure gained a degree of infamy in 2012 when presidential candidate Mitt Romney...

  • A Hanjin Shipping Co ship is seen stranded outside the Port of Long Beach, California, September 8, 2016. REUTERS/Lucy Nicholson/File Photo - RTSS0CF

    Number of the Day: $63 Billion

    The U.S. Treasury collected $63 billion in tariffs over the 12 months through June up from about $30 billion a year before, The Wall Street Journal reports . Tariff revenue is on pace for $72 billion...

Taxes Directory

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