Tag: 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…
Sinema pushing $100 billion in climate cuts from reconciliation bill
A Sunrise Movement leader said the Arizona Democrat’s reported proposal for the Build Back Better package is “not surprising since she’s been meeting nonstop with corporate executives.” by Jessica Corbet, Common Dreams October 8, 2021 Already…
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…
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…
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,…
‘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…
Study of 50 years of tax cuts for rich confirms ‘trickle down’ theory is a sham
“Major tax cuts for the rich since the 1980s have increased income inequality, with all the problems that brings, without any offsetting gains in economic performance.” by Kenny Stancil, staff writer Wednesday, December 16, 2020 Neoliberal…
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…
Trump life: death, yes, taxes, no!
by Wade Rathke September 28, 2020 New Orleans I had an elementary school teacher whose constant rejoinder was that “the only thing certain in life was death and taxes.” At a tender age, neither absolute…
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…
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…
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…
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…
Analysis reveals that GOP corporate giveaway buried in COVID-19 relief package will overwhelmingly benefit millionaires
“It’s a scandal for Republicans to loot American taxpayers in the midst of an economic and human tragedy,” declared Sen. Sheldon Whitehouse. by Jessica Corbett, staff writer Democratic lawmakers and progressive critics expressed outrage Tuesday after…
Trump throws up roadblock for seniors, people with disabilities in need of $1,200 relief checks, takes down one block to Social Security recipients
“The Trump administration is throwing up an unnecessary barrier that will make it harder for seniors, people with disabilities, and veterans to get the payments they desperately need.” by Jake Johnson, staff writer Editor’s update: At…
Nonprofit hospitals are “Confused” about charity and profits
New Orleans Over the last several years, ACORN International and the Labor Neighbor Research & Training Center have been collecting and analyzing the IRS 990 forms filed by tax exempt, nonprofit hospitals in Arkansas, Louisiana,…
TurboTax and others charged at least 14 million Americans for tax prep that should have been free, audit finds
Tax software companies made around $1 billion in revenue by charging people who were eligible to file for free. by Paul Kiel and Justin Elliott Feb. 5, 3:18 p.m. EST More than 14 million taxpayers paid…
