The Myth of High Corporate Taxes Exposed by Non-Partisan Congressional...
A January report from the non-partisan Congressional Research Service confirms what we have known for a long time. That is, the effective tax rate for US corporations is not out of line with the...
View ArticleFleecing Uncle Sam; A growing number of corporations spend more on executive...
Via: Institute for Policy Studies This report reveals stark indicators of the extent to which large corporations are avoiding their fair share of taxes. Of America’s 30 largest corporations, seven (23...
View ArticleWho Pays? A Distributional Analysis of the Tax Systems in All 50 States (5th...
Who Pays? A Distributional Analysis of the Tax Systems in All 50 States (5th Edition) Via: Institute on Taxation and Economic Policy Who Pays?, A Distributional Analysis of the Tax Systems in All Fifty...
View ArticleStudy: 20 Percent of US Corporate Profits are Booked in Tax Havens
According to a recent study by Zucman (2014), approximately 20 percent of US corporate profits are booked in tax havens, a tenfold increase from 1980. Zucman argues that we need a world financial...
View ArticleThe Contributions of Hispanics to America’s Spending Power and Tax Revenues...
Partnership for a New American Economy documents the contributions of Hispanics to America’s spending power and tax revenues. Here are some of the major findings: Hispanic households, both native and...
View ArticleTop US Corporations Continue to Profit Through Offshore Tax Havens
Via U.S. Senate Committee on the Budget The report shows for the first time how more than 50 percent of the companies represented by the Business Roundtable are collectively holding more than $1...
View ArticleMedicaid as an Investment in Children: What is the Long-Term Impact on Tax...
Via New National Bureau of Economic Research David W. Brown, Amanda E. Kowalski and Ithai Z. Lurie find that children who received expanded health care eligibility in the 1980s and 1990s under the...
View ArticleTax Freedom Day® 2015 is April 24th
Tax Freedom Day® 2015 is April 24th Source: Tax Foundation Key Findings This year, Tax Freedom Day falls on April 24, or 114 days into the year. Americans will pay $3.3 trillion in federal taxes and...
View ArticleState Tax Systems Contribute to Increasing Income Inequality
Via AccountingWeb: A new report by the Institute on Taxation and Economic Policy (ITEP) indicates that state tax systems are indirectly contributing to increasing income inequality. How? Low- and...
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The Wealthy and Corporations are Hiding Their Wealth and Profits in Overseas...
I. The Wealthy are Hiding $21 to 32 Trillion in Offshore Accounts “Wealthy people were hiding between $21 and $32 trillion in offshore jurisdictions around the world as of 2012, according to a 2012...
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