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Amid growing concerns over economic inequality and corporate profiteering, Senator Bernie Sanders (I-Vermont) and Representative Jan Schakowsky (D-Illinois) have introduced a groundbreaking legislative proposal aimed at overhauling the corporate tax system in the United States. The Corporate Tax Dodging Prevention Act seeks to eliminate the loopholes and tax breaks that have enabled some of the […]
Archive for the ‘taxes’ Category
Sanders and Schakowsky champion corporate tax reform to end ‘legalized tax dodging’
April 13th, 2024 
Awake Goy 
Posted in taxes 
Tags: champion, corporate, dodging, legalized, reform, sanders, schakowsky 
No Comments »Clashes Between Farmers and Police Intensify Outside EU Parliament In Brussels
February 3rd, 2024 Awake Goy Rubber bullets and water cannons were deployed against hundreds of European farmers protesting outside the EU Parliament building in Brussels on Thursday. The farmers threw eggs, set off fireworks, and started fires near the building while demanding that European leaders stop punishing them with more taxes and rising costs imposed to finance a so-called ‘green […]
Tax deal likely much more expensive than official estimate, experts warn
January 31st, 2024 Awake Goy A tax deal that includes business deductions and a bump in the child tax credit could come to a vote in the House as soon as this week. But the deal’s $78 billion price tag, which is covered by the cancellation of a different business tax credit, likely obscures the bill’s true cost in the… […]
Wealth over fairness: Shocking report unveils tax favoritism for the rich in 41 US states
January 11th, 2024 Awake Goy According to the report, in 41 out of 50 states, the wealthiest 1 percent are subjected to lower tax rates compared to other income groups. Source
Supreme Court could trigger hundreds of billions in corporate tax cuts ‘with the stroke of pen’
September 28th, 2023 Awake Goy “The Roberts Court could decide with the stroke of a pen to simultaneously forgive big business decades of tax dues.” Source
‘Pay Their Fair Share’: Socialist Lawmakers Push for ‘Migrant Taxes’ on New Yorkers During Immigration Crisis
September 17th, 2023 Awake Goy Socialist state lawmakers in New York want tax increases to pay for migrants flooding New York City as residents struggle with the costs. Source
How the wealthy save billions in taxes by skirting a century-old law
February 11th, 2023 Awake Goy Goldman Sachs and others have helped billionaires like Steve Ballmer see huge tax savings by selling stocks for a loss and then replacing them with nearly identical investments. Source
Dems blast House GOP for bill adding $114 billion to deficit by enabling tax cheats
January 10th, 2023 Awake Goy “Once again,” said Congressional Progressive Caucus Chair Pramila Jayapal, Republicans are “putting politics over poor and working people.” Source
This graph shows where surging corporate profits increasingly go: Tax havens
November 5th, 2022 Awake Goy The global corporate minimum tax would ensure all companies worldwide pay a minimum tax of 15% and would require higher taxes of large companies in countries where they have customers. Source
Posted in tax, taxes Tags: corporate, graph, increasingly, profits, shows, surging, where No Comments »Here’s how they’ll bankrupt You
September 11th, 2022 Awake Goy 8TH SEPTEMBER 2022 Their plan is to make every one of us bankrupt and they’re well on the way to succeeding. Only the billionaire conspirators are likely to avoid this. The conspirators must be delighted at the way things are going. To start with, of course, the rising cost of food and energy will eat […]
Hypocrisy abounds as PPP loans to 1% forgiven, while Biden seeks to privatize taxpayer subsidized COVID meds…
September 3rd, 2022 Awake Goy The carnage wreaked by COVID left over a million deaths in the U.S. during the first two years. Thanks to miracle medicines, such as COVID vaccines, diagnostic tests, and antivirals, the death toll has been greatly reduced. Access to treatments and vaccines has been afforded to all, as the federal government foots the bill to […]
IRS Requirement to Report Stolen Property as Income Goes Viral
December 30th, 2021 Awake Goy Several posts displaying the Internal Revenue Service’s (IRS) guideline requiring taxpayers to report stolen goods as income went viral this week, leading to an array of online speculation as to the practical consequences of the requirement as well as references to the recent wave of mass lootings. The IRS requires U.S. citizens to list goods […]
IRS Record Tax Collection: $565,135,000,000 in First Two Months of FY 2022
December 13th, 2021 Awake Goy The U.S. Treasury is reporting a record amount of taxes collected in the first two months of fiscal 2022 (October, November) — $565,135,000,000. The federal government also collected a record $282,094,000,000 in individual income taxes in the first two months of this fiscal year. The CNS News website reported on the record intake: The $921,526,000,000 […]
What’s that ‘surtax’ doing in Build Back Better?
November 28th, 2021 Awake Goy Image Credit: Filip Warulik/iStock, BeeBright/iStock ales tax. Property tax. Income tax. We all know what these three familiar taxes tax. But what does a “surtax” do? What difference, in particular, is the Build Back Better “surtax” that just passed the House of Representatives going to make? Maybe a big difference. In fact, if the Senate […]
San Diego County to Implement 4-Cent-Per-Mile Tax
October 30th, 2021 Awake Goy The San Diego Association of Governments’ (SANDAG) board met Oct. 29 virtually to discuss a four-cent-per-mile tax proposal that could impact every driver in San Diego County by 2030. The proposed mileage tax is intended to supplement and eventually replace gas taxes, which have dropped considerably as gas mileage has increased and hybrid and electric […]
The ‘Smoke And Mirrors’ Billionaires Tax
October 30th, 2021 Awake Goy Above photo: House Speaker Nancy Pelosi during an event in the Rose Garden of the White House in Washington, D.C., on Friday, March 12, 2021. Jim Lo Scalzo | Bloomberg | Getty Images. And 15% Minimum Corporate Tax Proposals. After a well-choreographed internal party policy debate dance this past summer, Biden and party leaders, Pelosi […]
Cash for Kids, No Work Required
October 28th, 2021 Awake Goy Commentary Democrats used to be the party of working people. Now, they sneer at people who work hard. Democrats pushing to pass the Build Back Better bill want a single parent with two kids to be able to take home well over $31,000 in cash and noncash federal benefits a year, tax-free, without having to […]
Why Not A Financial Transactions Tax?
October 26th, 2021 Awake Goy Above Photo: World Financial Review. As Senator Sinema gets Biden to drop his proposed tax increases on corporations and wealthy investors earning more than $400K income a year, no consideration is being given at all within Democrat party circles about introducing a financial transactions tax to pay for the Infrastructure bill ($.55T) or the Build […]
US billionaires are now $2.1 trillion richer than before the pandemic
October 24th, 2021 Awake Goy America’s billionaires have grown $2.1 trillion richer during the pandemic, their collective fortune skyrocketing by 70 percent — from just short of $3 trillion at the start of the COVID crisis on March 18, 2020, to over $5 trillion on October 15 of this year, according to Forbes data analyzed by Americans for Tax Fairness […]
Our ‘trillion-dollar seven’: Can we summon the courage to tax them?
August 29th, 2021 Awake Goy The collective wealth of the seven wealthiest Americans, all white men, has now just about reached $1 trillion. These seven pay virtually nothing in income tax. This past April, I reported on another obscene milestone in U.S. wealth concentration. Back then, for the first time ever, $1 trillion sat in the pockets of just eight […]
How Uncle Sam can encourage corporations to be more patriotic
July 17th, 2021 Awake Goy Image Credit: Glen Lowry Since the struggle for American independence, times of national crisis have called for shared sacrifice. In World War II, for example, a number of top business executives became “dollar-a-year men” who donated their know-how to the war effort for a token sum. To those on the front lines, that sort of […]
Patriotic Millionaires urge global leaders to combat tax avoidance through wealth tax on world’s billionaires
June 11th, 2021 Awake Goy The Patriotic Millionaires are urging global leaders to impose a wealth tax on the world’s billionaires to build fairer economies post COVID. According to an analysis conducted by the Program on Inequality at the Institute for Policy Studies, if billionaires paid an annual wealth tax in 2020, “modeled on the ‘Ultra-Millionaire Tax’ levy proposed by […]
Posted in News, taxes Tags: avoidance, combat, global, leaders, millionaires, patriotic, through No Comments »The Secret IRS Files
June 10th, 2021 Awake Goy The Secret IRS Files Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax. ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing. In 2007, Jeff Bezos, then a […]
Nearly 1 in 4 American Expats Eye Renouncing US Citizenship Over Tax Requirements
May 19th, 2021 Awake Goy Similar to tax practices followed within the US, American citizens living abroad must also report their annual income to the Internal Revenue Service, meaning expats are likely to file and pay taxes in two places. Although the agency implements measures to avoid double taxation, tax-filing requirements have still proven a hurdle for expats. […]
Stakeholders: Biden Declares War on Small Businesses in First 100 Days: Success Tax, Worker Shortage
April 30th, 2021 Awake Goy Business owners Wednesday joined Alfredo Ortiz, president and CEO of the Job Creators Network, and Steve Moore, co-founder of the Committee to Unleash Prosperity, to talk about how President Joe Biden’s first 100 days in office represents a “war on small business.” Nicole Wolter, president and CEO of HM Manufacturing Company, and John Motta, Chairman of […]
Posted in taxes Tags: biden, businesses, declares, first, small, stakeholders, success No Comments »Justice Department Sues Roger Stone, Alleging He Owes Nearly $2 Million in Unpaid Taxes
April 18th, 2021 Awake Goy Plaintiff, the United States of America, brings this civil action to reduce to judgment and collect unpaid federal income tax liabilities owed by Defendants Roger J. Stone and Nydia B. Stone (collectively “Roger and Nydia Stone” or “the Stones”) for the years 2007 through 2011 and 2018. Drake Ventures LLC (“Drake Ventures”) is liable for […]
Tax Resisters Divert Their Money From War To Human Welfare
April 18th, 2021 Awake Goy By Ella Fassler, Truthout. April 17, 2021 Above photo: It is because we consent and pay our taxes without much thought that half the money we pay the government is for war. Rob Kim/Mediaphotos/E+/Getty Images. President Biden’s foreign policy to date is largely indistinguishable from Trump’s. His administration hasn’t reversed tortuous sanctions against Iran, the […]
55 Corporations Paid $0 In Federal Taxes On 2020 Profits
April 8th, 2021 Awake Goy Above photo: Tyko Kihlstedt. Read as PDF At least 55 of the largest corporations in America paid no federal corporate income taxes in their most recent fiscal year despite enjoying substantial pretax profits in the United States. This continues a decades-long trend of corporate tax avoidance by the biggest U.S. corporations, and it appears to […]
Huge Study Of 50 Years Of Tax Cuts For The Wealthy
December 17th, 2020 Awake Goy Above photo: Rogelio V. Solis/AP. Suggests ‘trickle-down’ economics makes inequality worse. “Cutting taxes on the rich increases top income shares, but has little effect on economic performance,” the researchers concluded. Large tax cuts for the rich don’t lead to economic growth and employment but instead cause higher income inequality, a new study that examined tax […]
Crippling common good worldwide, landmark study shows $427 billion lost each year to tax dodging by corporations and the rich
November 22nd, 2020 Awake Goy A first-of-its-kind international report released Friday shows how wealthy countries are the primary drivers of tax revenue loss each year—contributing to $427 billion in losses to public funding annually and affecting the ability of countries all over the world, including developing nations, to provide services to the public. The Tax Justice Network’s inaugural State of Tax […]
