Category: Taxes
Intuit will pay millions to customers tricked into paying for TurboTax
State attorneys general just reached a $141 million settlement with the Silicon Valley juggernaut. Victims will receive up to $90 each. by Justin Elliott, ProPublica May 5, 2022 ProPublica is a Pulitzer Prize-winning investigative newsroom. Millions…
Senate GOP Agenda Would Hike Taxes on Poorest 40% by Average of $1,000
By contrast, the plan unveiled by Republican Sen. Rick Scott would not increase taxes on the top 1% by a single penny. by Jake Johnson, Common Dreams Monday, March 7, 2022 The policy agenda that Republican…
‘Can’t afford’ Build Back Better? US billionaires saw $1 trillion wealth boom in 2021 alone
A new analysis shows that Sen. Ron Wyden’s proposed tax on billionaires “would be more than enough to cover the expansion of the child tax credit in the Build Back Better Act.” by Jake Johnson, Common…
Sinema targeted over tax break for rich
“It’s time for her to decide who she works for: Arizonans, or private equity billionaires.” by Jake Johnson, Common Dreams Tuesday, December 7, 2021 A group of wealthy investors and business leaders who support progressive…
As ‘unhinged’ Sinema blocks corporate rate hike, demand grows for billionaire tax
“It seems truly unhinged to look at a country full of working people struggling to get by… and decide that it’s more important to preserve low tax rates for billionaires and corporations than it is to…
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…
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…
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…
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…
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…
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…
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…
‘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,…
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…
‘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…
‘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…
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…
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…
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…
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…
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…
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…
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…
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…
