…which were not subject to U.S. corporate income tax under section 936, and were deductible from Puerto Rico’s corporate income tax. Because of these generous tax incentives for business, Puerto…

…also argued that capital income — income from things like capital gains, corporate profits, dividends, etc. — should be taxed, which broke with previous models of optimal tax theory. (Our…

…billion and the Warren tax $303.4 billion. Only 0.07 percent of households would pay the Warren tax, compared to 44.3 percent for the Swiss tax. The Swiss tax would have…

…increasing Social Security taxes paid by higher-wage earners. In 2021, those taxes are capped at $142,800 in wages, and in 2022 that will rise to $147,000. This proposal reapplies taxes…

…to Republican opposition to tax increases coupled with their eagerness to cut taxes on the wealthy given the opportunity to do so. Most, if indeed not all, currently serving Republican…

…tax cut of more than $60,000 in 2025. As compared to an average tax cut of less than $500 for households in the bottom 60 percent, according to the Tax…

…would impose a one-time 5 percent tax on billionaire wealth. This Weekend Reading describes policies to tax high income and high wealth. Supporters of a wealth tax argue that it…

…way of intangible profits but has half of its activity in high tax Europe. Its effective tax rate – calculated as worldwide tax obligations relative to worldwide income – is…

…top 1% of US income and wealth. As a result of these two strong influences, the GOP now stands for tax-cuts-no-matter-what (and for tax cuts that benefit the wealthy most…

…seemingly inexplicable $800,000 in foreign income taxes, “far more than any other year,” as indicated in the 2010 tax returns. Stewart writes that Romney “reported more than $800,000 in taxable…