Lisa Larson-Walker/ProPublica. Photos: Elon Musk (Tristar Media/Getty Images), Jeff Bezos (Mandel Ngan/AFP via Getty Images), Michael Bloomberg (Joshua Lott/AFP via Getty Images), Warren Buffett (Taylor Hill/FilmMagic/Getty Images)
Posted in Analysis Pro Publica Taxes Wealth

The Secret IRS files: Trove of never-before-seen records reveal how the wealthiest avoid income tax

ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing. by Jesse…

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G7 Countries Reach Deal on 15% Global Minimum Tax Rate for Multinational Corporations
Posted in Corporate Taxes Economy News world

G7 countries reach deal on 15% global minimum tax rate for multinational corporations

One critic of the agreement said that “by settling for anything less than a 25% tax rate, the G7 is telling their citizens and the world that they’re willing to keep the race to the bottom…

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Members of Britain's GMB Union demonstrate outside Amazon's United Kingdom headquarters on May 26, 2021 as part of a #MakeAmazonPay global day of action for workers' rights. (Photo: War on Want/Twitter)
Posted in Corporate Taxes Labor Wealth

Workers stage Global Day of Action to #MakeAmazonPay

“Loud and clear, Amazon’s producers, distributors, and delivery drivers are telling Jeff Bezos: pay your workers.” by Brett Wilkins, staff writer   Asserting that workers—not CEO Jeff Bezos—drive Amazon’s success, employees of the world’s largest online…

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Posted in Analysis Wealth Tax Workers

How Biden’s paid leave proposal would benefit workers, their families and their employers too

by  Joya Misra, University of Massachusetts Amherst Friday, April 30, 2021   Making ends meet when you have a newborn is easier with paid family leave.   John Moore/Getty Images.   The Biden administration is proposing a…

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Posted in Taxes Wealth

Jayapal calls for crackdown on wealthiest after IRS chief says tax evasion costs US $1 trillion a year

“We don’t just need a wealth tax, we also need to give the IRS the tools it needs to make sure the ultra-rich finally pay their fair share.” by Kenny Stancil, staff writer April 15, 2021…

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Posted in Taxes Wealth

719 billionaires now own four times more wealth than poorest 165 million Americans combined

“Congress should act to restore taxes on the wealthy and limit further democracy-distorting concentrations of wealth and power.” by Jake Johnson, staff writer Thursday, April 15, 2021 After seeing their fortunes surge during the deadly coronavirus…

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Posted in Pro Publica Taxes

How to file your state and federal taxes for free in 2021

by Kristen Doerer for ProPublica, Justin Elliott and Karim Doumar The ProPublica Free Tax Guide Free, Fact-Checked Tax Information. That’s All.   Most Americans are eligible for free tax-preparation services, but the truly free options can…

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Posted in Corporate Taxes Energy News

‘Don’t patronize me’: Katie Porter tears Into oil exec for claiming his industry doesn’t get special tax breaks

“The wonderful Rep. Katie Porter provides a signal moment in congressional history. And it’s a sign of the weakening position of the oil industry—no deference to these liars any longer.” by Jake Johnson, staff writer Wednesday,…

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Posted in News Payroll Taxes Unemployment insurance

Millions set to receive surprise tax bills for pandemic jobless benefits

‘We Should Be Taxing the Rich, Not the Unemployed’ Democrats are facing pressure to act fast to stave off an “easily avoidable political disaster.” by Jake Johnson, staff writer March 2, 2021   With tax season…

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Posted in News Restart 2021 Taxes Wealth Tax

‘How about a counter-argument based on fact?’: Warren tells CNBC host over two-cent Wealth Tax criticism

“The wealthiest in this country are paying less in taxes than everyone else,” said the Democratic senator. “If they added a two-cent wealth tax, they’d still be paying less than most of the people in this…

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Billionaire investor Leon Cooperman speaks during an interview on CNBC on January 28, 2021. (Photo: CNBC/YouTube Screengrab) 
Posted in Analysis Restart 2021 Taxes

‘Cry me a river’: Sanders hits back as billionaire investor whines about potential tax hikes

“Oh look, another billionaire is mad that he might have to pay more taxes while children in America go hungry and veterans sleep on the street.” by Jake Johnson, staff writer Friday, January 29, 2021 As…

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Did you pay to use TurboTax? How to help hold the tax prep industry accountable.

Readers have helped us figure out exactly how TurboTax maker Intuit and other companies make money off taxpayers. We want to hear more. by Ariana Tobin, Justin Elliott, and Meg Marco May 14, 2:40 p.m. EDT…

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Have You worked at Intuit or another tax prep company?

Know something about TurboTax? We’d like to hear from you. by Justin Elliott and Ariana Tobin April 29, 5 a.m. EDT Over the past several months, we’ve reported on the ways Intuit has made its TurboTax…

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Posted in Common Dreams Coronavirus Income Equality News Taxes The People Speak

NJ Gov. signs millionaires tax into law to fight Covid-19, address inequality, and boost recovery

“We truly are setting an example for the nation on how to build an economy that works for all of us, not just a chosen few.” by Brett Wilkins, staff writer Wednesday, September 30 Following grassroots…

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Posted in Common Dreams Investigations News Taxes

Records show Trump paid just $750 in federal income taxes in both 2016 and 2017

“He contributed less to funding our communities than waitresses and undocumented immigrants,” said Rep. Alexandria Ocasio-Cortez. by Jake Johnson, staff writer Monday, September 28 Financial records that President Donald Trump has persistently fought to keep hidden…

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Posted in Common Dreams News Payroll Taxes Politics

Exposing Trump’s Payroll Tax Deferral as ‘wage theft,’ Treasury signals millions of workers will earn less in 2021 under plan

“Like Donald Trump’s other economic executive orders, this will not provide actual relief to workers.” by Julia Conley, staff writer Sunday, August 30 Days after the payroll processor for the federal government—one of the nation’s largest…

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Hundreds of union activists rally at the Minneapolis Social Security Field Office on Wednesday, August 27, 2014. (Photo: AFGE/Flickr/cc)
Posted in Analysis Common Dreams Payroll Taxes Social Security

Social Security actuary says Trump payroll tax cut would effectively destroy program by 2023

“Trump’s disastrous plan to defund Social Security would eliminate retirement and disability benefits by 2023,” said Sen. Bernie Sanders. “That may make sense to the billionaires at Trump’s country club, but it makes zero sense to…

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Posted in Common Dreams Investigations News Taxes

Federal Judge rejects Trump’s claim that tax records subpoena amounts to ‘harassment’

‘Very Bad News for Trump’ “The grand jury is getting its hands on those tax returns.” by Julia Conley, staff writer   Thursday, August 20 The district attorney of Manhattan can obtain President Donald Trump’s tax…

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Posted in Common Dreams Investigations News SCOTUS Taxes

Supreme Court allows New York prosecutor to subpoena Trump financial records

‘No One Is Above the Law’ A split decision on two separate cases pertaining to the president’s taxes will likely leave the documents out of public view until after the election. by Julia Conley, staff writer…

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Posted in Common Dreams Corporate Taxes News Taxes

US slammed as ‘Rogue State’ for withdrawing from global effort to make tech giants pay fair share in taxes

“It is a provocation… to all the citizens of the world who say that it is still legitimate for all the digital giants to pay their taxes.” by Jake Johnson, staff writer Thursday, June 18 The…

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Posted in Analysis Pro Publica SCOTUS Taxes Trump Inc

Meet the shadowy accountants who do Trump’s taxes and help him seem richer than he is

The Supreme Court fight over Donald Trump’s tax returns has pushed his accounting firm into the limelight. In various episodes over 30 years, partners — including the CEO — have run into trouble for fraud, misconduct…

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Posted in News Pro Publica Taxes

What Is the New Deadline to File Taxes?

In response to the coronavirus outbreak, the U.S. income tax deadline has been extended from April 15 to July 15, 2020, to allow Americans more time to file their taxes. Here’s everything you need to know…

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Posted in Business Common Dreams Coronavirus Economy News Payroll Taxes Public Policy Senior Citizens

‘Stealth Attack on Social Security’: Trump condemned for exploiting coronavirus crisis to push Payroll Tax cut

“This is a Trojan Horse attack on our Social Security system.” by Jake Johnson, staff writer Economists and progressive advocacy groups are warning that President Donald Trump’s proposal to cut or temporarily suspend the payroll tax…

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Posted in Affordable Housing City Budget City Pension Fund Flagstaff Mayors Race 2020 News Sales Tax Taxes

Attention turns to Flagstaff’s pension fund: Mayoral candidates weigh in

By Naima Schuller Senior Meteor Reporter March 6, 2020 Flagstaff  As the City of Flagstaff heads into the budget process for next fiscal year, every City Division is doing so in the red. Greg Clifton, the Flagstaff…

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