Wow! A billion-dollar loophole that does not require the company to do anything differently, just file some paperwork.
Would a tax on book income, like my Real Corporate Profits Tax, ensure that these giant companies can't get away with paying nothing in taxe...
A two-cent wealth tax changes this country fundamentally because it means we say as a nation, we are going to invest in the next generation.
So our rigged tax code allows big corporations to report enormous profits to their shareholders, and at the same moment report little or no ...
The income tax is generally progressive with respect to the ordinary rich, but not the ultra-wealthy.
The unfairness runs deep.
My 2-percent annual wealth tax is a '2 cent' tax.
A fairer tax system is about making our country better and stronger.
The Real Corporate Profits Tax would force companies... to pay more.
A wealth tax would impose an annual 2-cent tax on fortunes bigger than $50 million.
Now I've proposed a tax on the wealth of the very richest Americans.