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11 votes
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In Nebraska, a 151-year-old family farm struggles to survive
6 votes -
Trump Organization charged in fifteen-year US tax scheme. Longtime CFO Allen Weisselberg was also charged with evading taxes on $1.7 million of income.
12 votes -
My wife and I defrauded the government by hiding income. Now we’re divorcing, and she’s threatening to ruin us both
11 votes -
I was taught from a young age to protect my dynastic wealth
22 votes -
Taxing consumption progressively is a better way to tax the wealthy
8 votes -
The secret IRS files: Trove of never-before-seen records reveal how the wealthiest Americans avoid income tax
19 votes -
Federal court authorizes IRS John Doe summons seeking identities of US taxpayers who conducted at least $20,000 in cryptocurrency transactions during the years 2016 to 2020
15 votes -
Washington state capital gains tax already faces a lawsuit
7 votes -
Book review: Progress and Poverty by Henry George
3 votes -
Prosecutors in Denmark have charged three Britons and three Americans with defrauding the Danish treasury of more than 1.1bn kroner through a German bank
7 votes -
Why 'accidental Americans' are desperate to give up their US citizenship
10 votes -
Breadtube vs economics #1: Response to Philosophy Tube on housing
13 votes -
Deutsche Bank suggests 5% tax on home workers to support those impacted by the pandemic
12 votes -
Cash-strapped Oman plans income tax on wealthy starting 2022
5 votes -
Doesn’t feel like a recession? You should be paying more in taxes
12 votes -
US taxpayers' virus relief went to firms that avoided US taxes
12 votes -
Under cover of capital gains, the hyper-rich have been getting richer than we thought: the earnings of the top 0.1% grew 50% more from 1996 to 2018 than previously measured
20 votes -
Non-glamorous gains: The Pennsylvania land tax experiment
7 votes -
Rich Americans seize historic chance to pass on wealth tax-free
11 votes -
Tax change in US coronavirus package overwhelmingly benefits millionaires, congressional body finds
14 votes -
Social Security recipients who don’t usually file tax returns will automatically get $1,200 payments, Treasury says in reversal
6 votes -
Social Security recipients who don’t usually file tax returns will automatically get $1,200 payments, Treasury says in reversal
11 votes -
The stimulus bill includes a tax break for the 1%
13 votes -
Hobbled IRS tax agency may need months to get cash to Americans
6 votes -
Intuit near deal to acquire Credit Karma for $7 billion
15 votes -
Danish police seize Hyde Park mansion owned by Sanjay Shah, British businessman accused of defrauding Danish taxpayers
6 votes -
Inside TurboTax’s twenty-year fight to stop Americans from filing their taxes for free
16 votes -
Examination of US Fortune 500 companies' 2018 filings shows that many paid a low effective federal tax rate in 2018, including ninety-one that paid no federal taxes at all
9 votes -
Salesforce founder Marc Benioff has donated a fortune to right capitalism's wrongs, and he thinks his fellow billionaires should too. Why can't we just be grateful?
10 votes -
US Trade Representative investigation concludes that France's Digital Services Tax discriminates against US companies, proposes retaliatory tariffs of up to 100% on French products
7 votes -
How to increase taxes on the rich (if you must)
14 votes -
Iceland's biggest fisheries company Samherji stands accused of bribing Namibian politicians
4 votes -
The great American tax haven: Why the super-rich love South Dakota
7 votes -
Why Americans hate taxes, and why some people want them to
12 votes -
Yang vs. Warren: Who has the better tax plan?
14 votes -
IRS: Sorry, but it’s just easier and cheaper to audit the poor
17 votes -
Bernie Sanders' US CEO corporate tax plan
16 votes -
Germany’s North Channel Bank has been fined 110 million Danish crowns by a court in Denmark for its involvement in a dividend stripping scheme
5 votes -
'The men who plundered Europe': Bankers on trial for siphoning €60bn
10 votes -
Why rigged capitalism is damaging liberal democracy
5 votes -
Sweden to introduce bank tax to help fund greater defense spending from 2022
8 votes -
Should the US and the states create their own Sovereign Wealth Fund?
I think a Sovereign Fund is where Yang should move his focus to. Its a long-term approach that requires a focus. In 30 years the Norway fund has become the largest fund in the world The Norway...
I think a Sovereign Fund is where Yang should move his focus to. Its a long-term approach that requires a focus. In 30 years the Norway fund has become the largest fund in the world
The Norway Fund has been the receiver of all of Norway's Gas Taxes and Profits but has not paid out anything, so its only grown. But its intend purpose is to supply a form of a UBI (or subsidize Gov't tax revenues if the taxes were to ever fall short enough)
To Fund it, in the US, we need the Gas tax to be quadrupled. Double ($1/gal) it to properly pay for road maintenance and to pay for properly funded and expanded metro development, Greener metro lines, bike lanes, double it again ($2) to pay for Wealth Funding
This gas tax funding of $1/gal would contribute 175Billion in investments
After 40 years the wealth Fund would provide $7 Trillion Annually to pay for a UBI for as long as the US were to want it. Without any additional tax revenue
I think we can look at other jobs and industries where there is a boom and bust cycle, casinos, and where future income should be considered
Mississippi Gambling Revenue and therefore taxes has fallen 31% in 2018 (tax revenue $234 million) vs 2008's (345 million) best year numbers.
If Mississippi had contributed it's taxes to a Sovereign Wealth Fund instead of using it as a Substitute to Government taxes what would the effect have been.
A year after gambling was Legalized in Mississippi, skipping the first years taxes, the state of Mississippi has received Gaming Taxes, Starting in 1994, a total of $6.3 Billion in tax revenues
If those same taxes had been invested in a Wealth Fund its current value would be ~$29.6 Billion
Of course this would have required Mississippi to create 6 Billion in alternate tax Revenues, and this is the stump speech Yang needs to create.
Because in 5 years when Gaming Revenues have dropped another 50% its time for Mississippi to be ready, and in this case you're sitting on a $50 Billion Wealth Fund. That can pay out $4 billion a year to its 2.9million residents or fund the government services instead of deep cuts
14 votes -
Distributional analysis of Andrew Yang’s Freedom Dividend
8 votes -
How Britain can help you get away with stealing millions: a five-step guide
7 votes -
Australian Government's $158b tax cuts pass Parliament, giving Coalition first win since election
5 votes -
America needs to see Amazon’s tax returns
11 votes -
Disney heiress calls for wealth tax: 'We have to draw a line'
10 votes -
Japan's hometown tax (ふるさと納税 furusato nōzei)
10 votes -
Why the US government makes filing your taxes intentionally difficult
16 votes