The bottom line is that the rich and corporations are doing fine. We don’t need legislative solutions that fix non-existent problems. Only in a world of alternative facts does the top 0.2 percent of estates need to be exempt from the estate tax, for example.
ITEP analyzes the overall fairness of the current tax system and proposals to change it. We help lawmakers and the public decide what tax policies will create the kind of economy Americans want and examine how public policy perpetuates economic inequality. See ITEP’s most recent analysis of the total tax system Who Pays Taxes in America in 2019? and ITEP’s explainer on the need for progressive tax revenue.
On the surface, census poverty and income data released Tuesday reveal the nation’s economic conditions are improving for working families. The federal poverty rate declined for the second consecutive year…
A couple weeks ago, a billionaire set the Internet ablaze when on 60 Minutes Australia he chided millennials to stop buying avocado toast and fancy coffee if they wanted to…