Instead of debating tweaks at the edges of our tax system, what we should be doing is stretching ourselves to imagine a world where billionaires are impossible.
Some of the wealthiest Americans use a strategy called Buy, Borrow, Die to dramatically reduce their tax bills while their fortunes continue to grow.
As G7 finance ministers meet in London, we have a chance to get multinational businesses to pay their fair share
The White House is proposing substantial increases in personal income tax rates for those earning about a half-million dollars and higher tax rates on large corporations. Republicans are aghast.
Even in a pandemic, 64 billionaires have seen incredible gains from the major league sports teams they own.
Thigpenn says the path forward means reversing public spending priorities that direct resources away from low-income communities — priorities that create tax structure that makes low-income communities in California scramble to fund schools.
On Nov. 3, voters in many states and cities approved a variety of inequality-related proposals, from taxing the wealthy to increasing the minimum wage and tenant protections.
At the same moment that Trump was riding his horse Xenophobe through a narrow passageway in the Electoral College to the presidency, California elected only Democrats..., extended progressive tax revenues and ...locked out anti-immigrant policy...
The good news is that we can fix tax injustice, right now. There is nothing inherent in modern technology or globalization that destroys our ability to institute a highly progressive tax system. The choice is ours.
A 70 percent marginal tax rate might not be realistic—but that doesn’t matter. Just proposing a 70 percent marginal tax rate has restructured a debate over taxes.
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