WASHINGTON – The richest Americans are failing to pay hundreds of billions in taxes they owe the government, a new U.S. Treasury report contended Wednesday. The report said the top 1% of taxpayers last year failed to pay about $163 billion in taxes, accounting for about 28% of the total of $600 billion in unpaid […]
“The Republican Millionaires Caucus would rather protect tax giveaways for their big corporate donors and people like themselves than help build a lasting economy that works for everyone.” A new analysis by the government watchdog group Accountable.US finds that two-thirds of GOP senators—and more than 40% of House Republicans—are millionaires who stand to personally benefit from […]
An unprecedented leak of the personal federal tax data of thousands of Americans has turbocharged a debate over wealth inequality in the United States and has tax reform advocates hopeful that a deeper public understanding of how the wealthy avoid taxes will lead to a restructuring of the U.S. tax code. The data, leaked to […]
WASHINGTON – Millions of pages of former U.S. President Donald Trump’s tax returns and business documents have been turned over to New York prosecutors after he lost a 17-month effort to keep investigators from obtaining them. The records, including the federal income tax returns Trump filed with the government’s Internal Revenue Service from 2011 to […]