Taxing the Rich

PUBLIC WANTS MORE WEALTH TAXES Public wants more wealth taxes. When candidate Biden ran for office, he promised to pay for his programs by increasing taxes on the rich and crating a wealth tax on unrealized capital gains. Then he became Preside... Read More

TAX CHEATS BEING HUNTED AROUND GLOBE Tax cheats are being hunted around globe. The G-20 and Organization for Economic Co-operation and Development have an initiative they are calling the BEPS, or Base Erosion and Profit Shifting, which is the st... Read More

INTERNATIONAL TAX CHEATS UNDER FIRE International tax cheats under fire. It is estimated that large corporations are costing the world economy over $250 billion yearly, not in tax avoidance, which is legal, but in outright schemes to avoid payin... Read More

IRS under scrutiny for political audits. Democrats were seen raising pressure on the IRS, to explain why foes of former President Trump were targeted for a extensive audit after being fired from their government jobs. IRS Commissioner Charles R... Read More

GAO says the rich were audited less. Taxpayers with incomes over $200,000 were audited less than the general population, according to a report by the Government Accountability Office. The report shows a definite discrepancy among audit rates fo... Read More

Taxing the rich to deter inequality. In the United States the gap between the rich and poor was heightened during the Covid pandemic. More people became poor, and more became wealthy. One simple reason for this is the IRS tax code, which change... Read More

Inflation makes new call to tax rich. The Davos summit of the rich and powerful did nothing to restore the confidence and trust of the masses. After dealing with the problems of Covid, then having inflation rear its ugly head higher than the la... Read More

IRS audits for rich turning around. With the revelations in the Panama Papers and Pandora Papers of the rich, sports figures, and the world's politicians using abusive tax shelters to hide billions of taxable dollars from the world's government... Read More

Rich continue to influence tax system. Ever since the Panama Papers, followed by the Pandora Papers, showed that the world's rich, including sports figures, politicians, celebrities, many from the United States, were all gaming the system, by h... Read More

Rich getting worried about taxes. On the campaign trail, President elect Biden stated he would raise taxes on the rich. Now that he is President that may be coming to fruition. Technical provisions in a 114 page document released by the U.S. Tr... Read More