taxes

Weak Underfunded IRS Behind Trump's Wealth and History of Avoiding Taxes

Weak Underfunded IRS Behind Trump’s Wealth and History of Avoiding Taxes

October 4, 2018

Investigative tax attorney James Henry talks about the New York Times’ investigation into the origins of Trump’s wealth, how it is related to tax evasion, and how the US tax system has systematically and increasingly favored the rich    

Seattle Buckles Under Corporate Pressure, Repeals ‘Amazon Tax’ to Fight Homelessness

June 14, 2018

Socialist City Councilwoman Kshama Sawant says that as long as corporate Democrats run government, we should expect them to buckle under Amazon’s and Starbucks’ pressure

Economic Update: Employees VS Employers

Economic Update: Employees VS Employers

April 30, 2018

This week: German workers who elect almost half of corporate boards of directors; major US corporations with negative tax rates; Kentucky governor maneuvers against black-lung victims; involuntary part-time employment; epidemic of U.S. evictions; Trump’s tariffs on China

Economic Benefits of Tax Cuts Should Have Arrived – Where Are They?

March 15, 2018

Businesses have had plenty of time to take Trump’s corporate tax cuts into account for their investment plans. However, as CEPR’s Dean Baker reports, this has not happened. Instead, they spent their tax windfall on stock buybacks

Finding a SALT Tax Deduction Workaround

February 16, 2018

Trump’s tax reform limits the State and Local Tax (SALT) deduction to $10,000, disproportionately affecting high-tax states with progressive policies. These states can avoid the problem, though, by shifting to payroll taxes instead of income taxes. CEPR’s Dean Baker explains

IRS Private Debt-Collection Program is ‘Indefensible’

January 18, 2018

Using private debt-collection firms to collect debt from low-income Americans is not only morally reprehensible, but it’s also terrible business, says white-collar criminologist Bill Black

Trump Tax Plan Would Slash Charitable Giving by Almost 40%

December 1, 2017

According to some estimates, there would be between $13-$95B less in charitable giving by individuals, because raising the individual deduction removes the tax incentive to give, says David Callahan, founder and editor of Inside Philanthropy

Cities Offer Amazon Dangerous Incentives

November 29, 2017

Amazon has received 238 bids from North American cities vying to host its new headquarters, and some are offering the company extreme incentives that undermine democracy, says economist Dean Baker

Trump’s Tax Man, and Tax Plan, for the 1%

November 2, 2017

As Republicans prepare to unveil a tax plan favoring the wealthiest Americans, President Trump has quietly tapped a problematic interim IRS Director, says economist Dean Baker

IMF Worried that High Inequality Could Threaten Global Capitalism

October 27, 2017

All income growth of the past few years is going to the top 10 percent, without paying more in taxes. IMF says that higher taxation of the top earners would not impinge on economic growth, explains economist Michael Roberts