In 1950, the top 0.01% of earners paid almost 70% of their income in taxes. By 2018, the super-rich paid proportionately less than the average for all other Americans.
Personal income taxpayers are shouldering more of the burden, while less revenue is coming from taxes on companies, capital and consumption. Only major reforms will change these sustained trends.
The Australian Bureau of Statistics’ latest analysis of the impact of government benefits and taxes on household income shows this reduces income inequality by more than 40% in Australia.
The Cincinnati Reds’ struggles on the field in recent years have extended into the courtroom, where they are battling to avoid paying sales tax on promotional giveaways they use to sell tickets.
Congress changed the tax system to benefit companies with overseas operations but failed to help Americans actually living abroad, who still face punitive taxation.
Far from dispelling the notion among Americans that the system is ‘rigged’ against them, Republican tax plans are more likely to make matters worse.
The Republican tax plan would ultimately make the current system less progressive while reducing the overall burden, two things research shows make countries less happy.
President Trump recently released his tax plan, but he’s also said he wants to stimulate the economy with infrastructure spending. Is one more effective than the other at boosting growth?
President Trump released details of his tax plan, which would essentially benefit the wealthiest Americans by repealing the estate tax and other changes at the expense of the middle class.
Workers are getting ABNs and being employed as contractors responsible for their own tax payments. This is undercutting conditions and eroding the most important part of the nation’s tax base.
Cyber financial crime is on the rise globally. Here’s how you can stay safe.
The administration’s plan to significantly cut the tax rate on so-called pass-through entities will likely lead to creative tax planning and outright evasion, damaging faith in the system.
Centrelink’s debt recovery system is using information in a way that it was not designed to be applied, without properly adjusting for differences between the tax and social security system.