The “Dark Money” Playbook. Nina Simone | Backlash Blues. How a Billionaire Team Owner Pays a Lower Tax Rate Than LeBron James. What’s in the 4% of Our DNA That Makes Us Different From Chimps? Debunking the Myth of the Lost Cause.
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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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.
On Tax Day, there’s more than one elephant in the room, and they’re all in mansions.
Defining imperialism today - what’s changed, and what hasn’t?
Congress should immediately pass the Wall Street Tax Act,(A Financial Transaction Tax - FTT), which would tax the sort of high-speed trading that has turned the financial sector into a casino at the expense of our communities.
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