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Taxes in the Single-Year Millionaires’ Club


BY NICK BUFFIE As you may have heard, in the United States the rich pay more federal income taxes than the poor – both in dollar terms and as a share of income. This point is acknowledged by commentators on both the Right and Left, serving as a rare example of nonpartisan objectivity in an […]

New Tax Break Promises Opportunity—But for Whom?


BY ALYSSA DAVIS Although several U.S. cities and towns have undergone revitalization in the last decade, there are still many persistent pockets of concentrated poverty—distressed neighborhoods where outcomes are worse for residents across-the-board. The places where crime rates are higher, schools are low-performing, unemployment is high, and vacant storefronts abound. This has a devastating effect […]

Seasons Greetings from Uncle Sam – Your Tax Dollars Made an Impact


BY MARIE LAWRENCE Every year around this time, when we are happiest to open our wallets, NGOs overwhelm our inboxes with slick year-end infographics. Retailers launch multi-media campaigns to push their gotta-have-it widget of the season. Nonprofits and businesses spend millions proving their worth to would-be donors and consumers. Yet from the federal government, which […]

Why We Need Corporate Tax Reform


BY ELLIOTT LONG  In 1943, corporate income tax collections accounted for 40 percent of total tax collections. By 2012, they accounted for just 9.7 percent—a 76 percent decrease in less than a century. An examination into the factors contributing to this decline reveals several alarming trends that, if left unchecked, will only lead to further […]

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