August 11, 2022
The Inflation Reduction Act requires certain large corporations to pay a minimum income tax of 15% and a 1% tax on stock buybacks. The bill also allocates an additional $80 billion in funding to the Internal Revenue Service for enforcement efforts like conducting audits and uncovering instances of tax fraud. Read more.
Quoted Staff Member
Executive Director
ITEP is a non-profit, non-partisan tax policy organization. We conduct rigorous analyses of tax and economic proposals and provide data-driven recommendations to shape equitable and sustainable tax systems.
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