$8.5 Trillion in Untaxed Assets: Data Shows Why ‘We Need a Billionaire Income Tax’

Tesla CEO Elon Musk speaks onstage during an event on November 29, 2023 in New York City.  (Photo: Slaven Vlasic/Getty Images for The New York Times) “While most Americans predominantly live off the income they earn from a job—income that is taxed all year, every year—the very richest households live… Continue reading

Global billionaire tax could yield $250 billion annually, study says

By Leigh Thomas October 23, 20231:04 PM PDT Updated 3 days ago (reuters.com) PARIS, Oct 23 (Reuters) – Governments should open a new front in the international clampdown on tax evasion with a global minimum tax on billionaires, which could raise $250 billion annually, the EU Tax Observatory said on Monday…. Continue reading

Top Dems Press Supreme Court To Block Billionaire Tax

Top Dems Press Supreme Court To Block Billionaire Tax

Obama’s former acting Solicitor General and a senator-turned-lobbyist are helping a dark money group pressure the high court. JULIA ROCK President Obama’s former acting Solicitor General Neal Katyal speaking outside the U.S. Supreme Court (AP Photo/Andrew Harnik)SHARE The former Supreme Court lawyer for the Obama administration and a Democratic senator-turned-lobbyist… Continue reading