Corporate Tax Avoidance in the First Year of the Trump Tax Law (tags)
The tax breaks identified in this report are highly concentrated among a few very large corporations. Just 25 companies claimed $37.1 billion in tax breaks in 2018. That’s almost exactly half the $73.9 billion in tax subsidies claimed by all 379 companies in our study.
The Great Tax-Cut Experiment and Corporate Taxes as % of Profits (tags)
Comparisons with Other Countries: Americans pay a smaller proportion of total income in taxes than do people in any other advanced capitalist economy. as in Western European countries.
It’s not only jobs that are off-shored; the profits are as well (tags)
Trillions of dollars are hidden in secretive tax havens untaxed while austerity is imposed and jobs are lost.
The Laffer Curve
The Truth About "Class War" in America (tags)
According to the myth, higher profits lead to greater investments and more jobs. In truth, higher profits lead to speculation in foreign currencies and corporations buying back their own stock. In the 50s and 60s when the top tax rate was 90%, job creation and growth occurred.
WEALTHY ELITE DECIDE WHEN THEY GET THEIR TAX CUT ENTITLEMENT$ not THE U.S. CONGRE$$... (tags)
WEALTHY ELITE DO NOT ASK 4 TAX CUT ENTITLEMENT$ STUPID !
Conservative-Libertarian Split: Liberals Get It, Conservatives Don't (tags)
The left is aware of the emerging conservative-libertarian schism while the right for the most part remains in denial.
Let the rich pay, Camejo says (tags)
Green Party candidate Peter Camejo has unveiled a budget proposal which calls for strikingly higher income tax rates on Californians who earn more than $500,000 a year, changing Proposition 13 to allow reappraisals of many corporate properties and tax cuts for low-wage earners.