“The sheer magnitude of lost revenue is striking. It is equal to 3% of GDP, or all the income taxes paid by the lowest earning 90% of taxpayers."
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Pro-worker provisions introduced by Sen. Charles Schumer added to the bill include penalizing employers for interfering in union elections.
Charter schools don’t improve education outcomes. But they do funnel taxpayer money into the pockets of unscrupulous — often criminal — school operators. It’s a national disgrace that needs to end.
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How do billionaire team owners end up paying lower tax rates not only than their millionaire players, but even the person serving beer in the stadium? Let’s go to the highlights.
Tax laws allow owners to claim that their teams lose value, lowering their tax bills. The government misses out on billions in revenue.
If the hyperbolic claims are to be believed, American workers are luxuriating in the largesse of taxpayer-funded payments, thumbing their noses at the benevolent and generous employers who are struggling to fill job vacancies.
Rich Americans pay only about 2 percent on inherited fortunes, “less than one-seventh the average tax rate on income from work and savings.”
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