Senators Elizabeth Warren (D-Massachusetts) and Bernie Sanders (I-Vermont) are calling on the Biden administration to bring an end to several estate and dynasty trust tax rules that are allowing the richest Americans to hide hundreds of millions of dollars from government tax agents. Dynasty trusts and the estate tax are major sources of tax evasion that stack the U.S. tax system even more in… Source Source / Read More: Warren, Sanders Call for End to Rules Letting Billionaire Dynasties Dodge Taxes
tax dodging
Democrats Lambast GOP Plan to Abolish Income Tax and Impose 30 Percent Sales Tax
Democratic and progressive lawmakers are criticizing the GOP for an extremist tax plan that Republicans are planning to soon put to a vote in the House that would completely overhaul the tax system to blatantly favor the rich. In what seems to be a concession to the most far right members of the Republican caucus, House Speaker Kevin McCarthy (R-California) has teed up a vote on the so-called Fair… Source Source / Read More: Democrats Lambast GOP Plan to Abolish Income Tax and Impose 30 Percent Sales Tax
When It Comes to Greed and Tax Dodging, Sanders Points Out “Trump is Not Alone”
Senator Bernie Sanders is not asking anyone to be shocked that Donald J. Trump was very good at not paying taxes, but he also wants people to know that the disgraced former Republican president is far from the only rich person or powerful corporation who gets away with paying little or nothing each year federal income tax. In a tweet on Friday evening, Sanders said: “When it comes to tax avoidance… Source Source / Read More: When It Comes to Greed and Tax Dodging, Sanders Points Out “Trump is Not Alone”