(Bloomberg) -- The progressive rallying cry of “tax the rich” has morphed into a popular policy stance with voters in the key states that will decide the 2024 election, enjoying support even among those who prefer billionaire Donald Trump, according to the latest Bloomberg News/Morning Consult poll.Most Read from BloombergTrump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest PeopleBiden Gains Ground Against Trump in Six Key States, Poll ShowsTrump Vows to Pay Frau...| Bloomberg via Yahoo News
WASHINGTON, April 10 – As millions of Americans prepare to file their taxes ahead of the federal deadline on April 15, Sen. Bernie Sanders (I-Vt.) today introduced legislation to ensure that large corporations are finally required to pay their fair share. The Corporate Tax Dodging Prevention Act would stop corporations from sheltering profits in tax […]| Senator Bernie Sanders
A Wall Street Sales Tax is a step toward a fairer tax code. Ordinary people pay sales taxes on all manner of goods and services, yet no such taxes apply to Wall Street actors when they buy and sell financial securities. A Wall Street Sales Tax — also known as a financial transaction tax, speculation tax, or Robin Hood tax — is a small fee of a few cents per $100 that would be imposed on transactions in stocks, bonds, or derivatives. If legislation establishing such a tax were passed, the ...| Take On Wall Street
The Trump tax law overhaul cut the federal corporate income tax rate from 35 percent to 21 percent, but during the first five years it has been in effect, most profitable corporations paid considerably less than that.| ITEP
Read the full report here. Introduction On this Tax Day 2024—the deadline for working Americans to settle up with Uncle Sam–neither the nation’s richest individuals nor its biggest corporations are paying their fair share of taxes. Simply put, the U.S. tax code is rigged against ordinary people. Many billionaires and big, profitable corporations go tax-free …| Americans For Tax Fairness
Huge corporations waste hundreds of billions of dollars each year further enriching their top executives and wealthy shareholders with stock buybacks, rather than improving worker pay and benefits or investing in their businesses and communities. President Biden and Congressional Democrats took the first step in curbing this behavior while also raising revenue to support working …| Americans For Tax Fairness
The stock option rules in effect today create a problem because they allow corporations to report a much larger expense for this compensation to the IRS than they report to investors. The result is that corporations can report larger profits to investors but smaller profits to the IRS, undermining the fundamental fairness of the tax system.| ITEP
