This Day in Alaska History-February 25th, 1997
Trump Fraud Case Finding Suggests ‘Major Tax Evasion’: Watchdog
A court-appointed monitor found that a $48 million loan Trump has long claimed he took out “never existed.” A finding by the court-appointed special monitor overseeing former U.S. President Donald Trump’s fraud case in New York placed questions about a loan acquisition—and potential tax evasion—back into the spotlight over the weekend, with a tax attorney […]
After Success in Massachusetts, Lawmakers in 10 States Push Wealth Tax
“If you want better roads, better schools, better healthcare, better public transit… or just a generally better life, then the best way of funding that is by taxing the ultrawealthy, not allowing them to exploit more tax loopholes.” While ultrawealthy Americans are unlikely to face any extra federal taxes any time soon due to the makeup of […]
‘Rigged’ US Tax Code Blamed as Wealthy See Major Retirement Account Gains
“It is unacceptable that taxpayers are forced to spend billions of dollars subsidizing the retirement accounts of the wealthiest people in America,” said Sen. Bernie Sanders. A report published Thursday by the nonpartisan Government Accountability Office shows that the median retirement account balance of high-income U.S. households nearly doubled between 2007 and 2019 while those […]