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561 posts
Tesla Reported Zero Federal Income Tax on $5.7 Billion of U.S. Income in 2025
• By Matthew Gardner
Tesla enjoyed almost $5.7 billion of U.S. income in 2025 but paid $0 in federal income tax. Over the past three years, the Elon Musk-led company reported $12.5 billion of U.S. income on which its current federal tax was just $48 million.
Intuit Helped Limit Americans’ Tax Filing Options While Raking in Millions in Tax Breaks
• By Joe Hughes
As tax filing season begins, families have fewer options than last year, thanks to the heavy lobbying efforts of big tax-preparation corporations like Intuit (the parent company of TurboTax).
How the Wealthy Exploit the Tax Code: Q&A with Professor Ray Madoff, Author of ‘The Second Estate’
• By Brakeyshia Samms
Her timely book, The Second Estate: How the Tax Code Made an American Aristocracy, walks readers through federal tax policy history and the modern-day legal maneuvers the wealthy use to pay little to no taxes
Curbing Tax Deductions for Executive Pay is a Federal Tax Change States Should Get Behind
• By Matthew Gardner
This provision in last summer’s tax law could actually make budget-balancing a little bit easier for states if they follow suit.
Don’t Be Fooled by Treasury’s Jekyll and Hyde Approach to Tax Enforcement
• By Matthew Gardner
While this guidance is sorely needed to clean up the mess created by a hasty Congress, these notices stand in sharp contrast to the deregulatory, anti-tax approach that the Treasury Department has taken.
2025: The Year in Tax Policy
• By ITEP Staff
From Congressional discussions over the so-called "One Big Beautiful Bill Act" to debates on property taxes, ITEP kept busy this year analyzing tax proposals and showing Americans across the country how tax decisions affect them.
‘Tax the Rich,’ Says … Mitt Romney?
• By Matthew Gardner
His 900-word New York Times op-ed identifies some sensible federal tax reform ideas that would create a fairer, more sustainable tax system.
President Trump Says His Tariffs Aren’t Paid by Americans. Corporations Are Indicating the Opposite.
• By Logan Liguore
Corporations have publicly revealed that they are passing the cost of tariffs on to Americans—the opposite of what the executive branch has said is happening.
Congressional Republicans Ignore Tariffs and Instead Talk Up Their Corporate Tax Cuts
• By Steve Wamhoff
Instead of discussing President Trump's deeply unpopular tariff policies, House Republicans are making misleading and untrue claims about their tax cuts.
Don’t Hold Your Breath Waiting for a Tariff Dividend from Trump
• By Steve Wamhoff
Trump gives a promise, with absolutely no plan, to give $2,000 to every American using tariff revenue.
Trump Goes Outside the Law to Give Even More Tax Cuts to the Wealthy
• By Steve Wamhoff
Trump's Treasury is overstepping far beyond its constitutional role by giving unlegislated tax cuts to the wealthy.
Trump Raises the Price of Filing a Tax Return
• By Joe Hughes
The move was expected, given heavy lobbying from tax prep companies like Intuit and H&R Block to put a halt to the IRS’s popular Direct File program.
Biden Tax Reforms Take a $16 Billion Bite Out of Trump’s Big Tax Giveaway to Meta
• By Matthew Gardner
Meta’s earnings setback is entirely attributable to an important tax reform championed by the Biden administration in 2022.
Oil and Gas Companies Are Paying Less Tax to the U.S. than to Foreign Governments
• By Matthew Gardner
Since 2017, these companies paid $135 billion in income taxes to foreign governments, but just $29 billion to the U.S.
Well, That Was Fast: Trump Tax Law’s New Corporate Breaks are Already Worsening the Deficit
• By ITEP Staff
Corporate income taxes for the fiscal year that ended in September are $77 billion lower than in the previous year, a 15 percent drop.
Some Members of Congress Will Cash in from New Tax Law
• By ITEP Staff
Many lawmakers who were vocal supporters of this bill will see direct personal benefits while most of their constituents benefit little or will be worse off.
Trump Tax Law Erases Economic, Racial Progress in the Tax Code
• By Brakeyshia Samms
President Trump’s massive tax-and-spending bill continues the administration’s assault on racial and economic justice by prioritizing tax breaks for the top 1% while neglecting the economic well-being of poor and working families of all races, especially people of color.
Coca-Cola To Shareholders: $18 Billion Tax Bill? What $18 Billion Tax Bill?
• By Matthew Gardner
If Coca-Cola only pays 3% of the $18 billion tax bill it's facing, then the rest of us will have to pick up the remaining 97%.
Leaving Billions on the Table: Trump-Induced Brain Drain Leaves the IRS Struggling to Prevent Corporate Tax Avoidance
• By Matthew Gardner
The IRS's capacity to prevent big multinational corporations from avoiding income taxes is facing a generational crisis.
Corporate Tax Transparency’s Disappearing Act
• By Spandan Marasini
What currently stands in the way of better corporate tax transparency.
President Trump is Still Lying About Ending Taxes on Social Security
• By Matthew Gardner
Why is Trump saying that he has eliminated taxes on Social Security?
Who Can Make a Billion Dollar Mistake and Not Lose Their Jobs? Congress
• By Matthew Gardner
A drafting error in the 2017 tax law will cost U.S. taxpayers over $1 billion in unintended tax cuts for big multinationals.
Dismantling Access to the Truth is a Big Deal
• By Erika Frankel
As federal data systems erode, the U.S. risks losing the impartial information needed for sound policymaking and public trust.
The Trump Megabill Hands the Rich a Gift — and Sends the Bill to Young Americans
• By Angie Sumo
Trump's megabill directs most benefits to the wealthy, while leaving younger generations with higher taxes, more debt, and fewer opportunities. For Millennials and Gen Z, it means reduced public investment and an economy less likely to work in their favor.
SALT in the Wound: New Tax Law’s Limit on State Tax Deductions Exempts Some of the Very Wealthiest
• By ITEP Staff
The new tax law enacted last month found a temporary compromise on the level of the cap, boosting it to $40,000 through 2029, but failed to fix a loophole that allows some rich taxpayers with good accountants to completely avoid the cap
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