Showing posts with label millionaires. Show all posts
Showing posts with label millionaires. Show all posts

Wednesday, April 23, 2025

Trump’s advisers split over higher taxes on millionaires - The Washington Post

"This guts the AOC-Bernie 'oligarchy tour,'" Bannon said, referring to the populist rallies being held by Rep. Alexandria Ocasio-Cortez (D-New York) and Sen. Bernie Sanders (I-Vt.). Bannon has been trying to convince Republicans to embrace higher taxes on the rich since Trump's first term. "Politically, it's game, set, match — it's a no-brainer. This would destroy the Democrats.".

 

Tuesday, January 16, 2024

New results help prove that the Democrats’ IRS plan is working

"The IRS announced Friday that it has recently collected more than half a billion dollars from millionaire Americans who owed tax debt. The agency credited the passage of the Inflation Reduction Act for its stepped-up ability to pursue "high-income, high-wealth individuals," as well as complex partnerships and large corporations, who are not paying overdue tax bills."

Wednesday, June 14, 2023

Millionaires who want to tax the rich lobby working-class voters : NPR

In an interview before the meeting, Hollis says, "It's obscene what the very wealthy people in this country get away with," and cites himself as a prime example. He made his fortune in stocks, and taxes on that income are far lower than they are for wages earned by actually working. Hollis thinks few people know about such loopholes, "and if they knew they would be outraged."…

Friday, March 10, 2023

Biden's Budget is the Most Ambitious Tax Plan We've Seen from a President in Decades | Common Dreams

"President Biden's proposed budget is the most ambitious tax plan we've seen from a President in decades - and a clear emphasis of the values that he and the Democrats stand for: investing in our country, fighting off corporate profiteering, protecting the social safety net, and doing so all while reducing our nation's budget deficit. It can do all this simply by raising taxes on corporations and millionaires…"



Sunday, April 4, 2021

‘Raise my taxes – now!’: the millionaires who want to give it all away

...These members argue that, instead of leaving the super-rich to splash their billions on philanthropic vanity projects such as opera houses and museums, higher taxes should be used to fund public services, welfare and tackle growing inequality. Disney wants taxes on the super-rich to fund universal medical treatment and education in the US and throughout the world...


Tuesday, November 3, 2020

23,000 households reported income over $10 million last year. The IRS audited seven.

.. let's take a moment to contemplate how tax avoidance and evasion have become facts of life for some of the richest Americans. They've done so with the connivance of our lawmakers, who have tied the hands of the Internal Revenue Service...







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