The Golden Age of Rich People Not Paying Their Taxes “An eight-year [Republican-led] campaign to slash the IRS’s budget has left the agency understaffed, hamstrung, and operating with archaic equipment. The result: a hundred-billion-dollar heist.” I have a friend who works as an examiner for the IRS; he said the same thing: they’re woefully understaffed and can’t prosecute fraud.
Photo by George Frey The radical right here in America now boasts two fresh heroes: Cliven Bundy and Donald Sterling. With their eager penchant for plainspoken hypocrisy and outright bigotry, they ought to be a swell choice for the Tea Party/Republican presidential nomination come 2016. First, good old boy Cliven Bundy rode heroically onto the […]
A new report from Citizens for Tax Justice (CTJ) illustrates how profitable Fortune 500 companies in a range of sectors of the U.S. economy have been remarkably successful in manipulating the tax system to avoid paying even a dime of tax on billions of dollars in profits. As a group, the ten companies paid no […]