Does the U.S. tax system favor the rich on purpose?

Wakanda News Details

Does the U.S. tax system favor the rich on purpose?

Among Americans in the nation’s poorest 50%, just 7% of income goes unreported. In the top 1%, it’s nearly 20%. What’s going on here?

Source

Source: MN Spokesman Recorder

You may also like

Uganda: Why Is Govt Borrowing?

[Monitor] The government will continue borrowing to bankroll what a minister says are flagship projects essential to spur the growth of Uganda's economy, presently hamstrung by Covid-19 disruptions, potentially worsening the debt situation.

fave

Source: allAfrica.com

Zimbabwe: Mthuli Ncube Scraps Vat On Rice Imports

[New Zimbabwe] Finance Minister Mthuli Ncube Friday scrapped the payment of Value Added Tax (VAT) on rice imports effectively bowing down to pressure mounted by millers and retailers.

fave

Source: allAfrica.com

Tanzania: CCM to Tighten Screw On Tax Evaders - JPM

[Daily News] RULING party-CCM presidential candidate, Dr John Magufuli, has stressed that, if re-elected, his government will continue tightening screws on tax evasion loopholes.

fave

Source: allAfrica.com

Kenya: How Multinationals Exploit Gaps in Treaties to Avoid Tax

[Nation] Kenya has been losing millions of money in taxes avoided by multinationals, due to engaging in ambiguous tax treaties that have seen otherwise taxable services offered freely and companies re-route funds to tax havens.

fave

Source: allAfrica.com

Biden tax plan hurts competitiveness of U.S. multinational firms - L.A. Focus News

President Biden has proposed very large tax increases to finance a bigger burden of government spending. Many of those tax increases will be imposed on corporations, and this will be bad news for the workers, consumers, and shareholders (i.e., the ones who actually foot the bill when politicians

fave

Source: Home - L.A. Focus News-0

KRA sets up special unit for digital tax tracking

KRA sets up special unit for digital tax tracking

fave

Source: Business Daily

Liberia: President Weah Issues Executive Order 103 to Stimulate Economic Growth

[Govt of Liberia] The President of the Republic, H.E. Dr. George Manneh Weah has issued Executive Order No. 103 aimed at stimulating economic growth in the Liberian economy.

fave

Source: allAfrica.com

Trump signs executive actions after stimulus talks break down on Capitol Hill | The Atlanta Voice

President Donald Trump tried to assert executive power by signing four actions on coronavirus relief Saturday, one of which will provide as much as $400 in enhanced unemployment benefits after Democrats and the White House were unable to reach an agreement on a stimulus bill this week. But that

fave

Source: The Atlanta Voice

A Preview of the Property Tax Debate Ahead of the 87th Legislative Session

In a twist on the outdated adage, there are typically three assured extensively mentioned subjects in any given Texas legislative session: abortion, property taxes, and schooling. Final session, the legislature…

fave

Source: The Black Chronicle

It is doubtful the law allows govt to pay oil companies taxes - Stabroek News

fave

Source: Stabroek News - Guyana's Most Trusted Newspaper

Tax Evasion: Former SARS auditors now arrested for R321m fraud

The Hawks investigation uncovered a tax evasion syndicate of tax payers, runners, SARS current and former employees and bank staff.

fave

Source: South African News | Online News | The South African

Minister: $15b gaming sector paid just $82m in corp tax - Trinidad and Tobago Newsday

MINISTER of Public Administration Allyson West said the local gambling sector did business worth about an estimated $15 billion annually but typically ends up paying a yearly corporation tax of no more that less than $100 million, as she spoke on Friday in the Senate on the Gambling (Gaming and

fave

Source: Home - Trinidad and Tobago Newsday

Kenya: Mudavadi to Competitors - Walk the Talk on Reviving the Economy, Not Rhetoric

[Capital FM] Nairobi -- Amani National Congress (ANC) party leader Musalia Mudavadi has urged politicians tagging their 2022 presidential ambitions on the resuscitation of the economic agenda to walk the talk.

fave

Source: allAfrica.com

Income tax, corporate tax and VAT unlikely to rise, despite crisis - TechCentral

Finance minister Tito Mboweni said national treasury has no plans to boost income tax, corporate tax or VAT even as the coronavirus decimates the nation’s finances.

fave

Source: TechCentral

Here are options and proposals that would fund California schools - Black Voice News

In summary The governor’s proposal to temporarily raise funds from some businesses would generate $4.4 billion, but it remains woefully inadequate. More can be done. By Ron Hayduk and Ron Hayduk is a professor at San Francisco State University, whose research focuses on civic engagement and

fave

Source: Black Voice News | The Voice of the Black Community in California

The HEART/NSTA Trust could be facing millions in liabilities to hundreds of current and former employees it has questionably taxed for nearly two decades under an unauthorised fuel policy, which the finance ministry has ordered to be halted. It is...

fave

Source: Jamaica Gleaner

Wealth Hoarding Endangers Democracy, Report Says - African American News Today - EIN Presswire

by Kenny Stancil, Common Dreams The growing concentration of wealth in fewer hands—including among corporate robber barons’ descendants who continue…

fave

Source: The New Hampshire Gazette -The Nation’s Oldest Newspaper™

Mapeto officials granted bail in K10.8 billon tax evasion case | Malawi 24 - Malawi news

Five Mapeto David Whitehead & Sons officials who are accused of tax evasion have been granted bail. Senior Resident Magistrate Akya Mwanyongo has released the suspects on bail on conditions that each pays a bail bond of K10 million each and provide two reliable sureties of blood relatives based in

fave

Source: Malawi 24 | Malawi news

170,000 seek KRA waivers on tax penalties

Official statistics shows that a total of 170,000 businesses and individuals had by Sunday made formal applications for the waivers, beating a deadline set by the taxman last month.

fave

Source: Business Daily

MPs challenged to rise above petty partisan politics to debate punitive taxes

The Centre for Democracy and Economic Development Initiatives (CDEDI) has challenged members of Parliament (MPs) to rise above petty party politics and introduce motions, including healthy debates, that should result into the scrapping off of the 16.5 percent value added tax (VAT) on essential

fave

Source: Malawi Nyasa Times - News from Malawi about Malawi

What will tax increase advocates do now? - Black Voice News

In summary California voters have rejected Proposition 15, so what will advocates of higher taxes do now? Proposition 15, which would have boosted property taxes on commercial real estate by billions of dollars a year, finally bit the dust last week. It wasn’t a surprise. Although its advocates

fave

Source: Black Voice News | The Voice of the Black Community in California

Africa: Why African Countries Need Reliable Local Data On Sugary Drinks Taxes

[The Conversation Africa] Diets in sub-Saharan Africa are changing as more countries advance from low-income to middle-income status. People's eating habits are shifting from food rich in starchy staples, vegetables and fruits to a more westernised diet high in sugar, saturated fats and oils. This

fave

Source: allAfrica.com

Kenya: 5.5 Million Taxpayers File Returns By Deadline - KRA - The Kenya News

The Kenya Revenue Authority (KRA) has reported that more than 5.5 million taxpayers filed their tax returns by the midnight June 30 deadline, reflecting a 19 per cent growth from …

fave

Source: The Kenya News

Uganda: Will Budget Theme Meet Citizens' Expectations?

IMF indicates that the immediate fiscal policy response to the Covid-19 pandemic should account for the particular nature of the health crisis that the global economy faces, one that affects supply, demand, and confidence while being timely, temporary, and targeted across all levels of

fave

Source: allAfrica.com

President announces $25,000 for each household in COVID relief - Stabroek News

President Irfaan Ali this afternoon announced a series of COVID-19 relief measures including $25,000 for each household. The article President announces $25,000 for each household in COVID relief appeared first on Stabroek News.

fave

Source: Stabroek News - Guyana's Most Trusted Newspaper

Tanzania: Tax Collection Task Force Credible - Govt

[Daily News] GOVERNMENT has strongly defended its decision to use a special task force in tax collection, saying legal procedures were followed in constituting the team.

fave

Source: allAfrica.com

Used car dealers: Wrong timing for liberalisation of fuel industry - Trinidad and Tobago Newsday

PRESIDENT of the Automotive Dealers Association (TTADA) Visham Babwah is calling on Government to delay plans to liberalise the fuel industry. He said the timing is wrong and would further devastate the economy which has taken a covid19 beating. Babwah views the liberalisation as another for

fave

Source: Home - Trinidad and Tobago Newsday

MPs now push for Sh11. 6m send-off package

MPs will get a Sh11.6 million send-off package at the end of each five-year term if proposals by Parliament’s pensions management committee are approved.

fave

Source: Business Daily

Here are options and proposals that would fund California schools

Integral to any policy discussion is a fully funded public sector, including schools and universities that are particularly well-poised to address everything from the achievement gap to unconscious bias throughout the

fave

Source: Black Voice News | The Voice of the Black Community in California

Letters to the editor - NewsDay Zimbabwe

We request information on beneficiaries of tax holidays ON July 27, 2021, the Zimbabwe Human Rights Association (ZimRights) filed a request for information on “tax holidays” with the Zimbabwe Revenue Authority (Zimra) and the Finance ministry. In terms of section 7 of the Freedom of Information Act

fave

Source: NewsDay Zimbabwe - Everyday News for Everyday People

More from MN Spokesman Recorder

Calling all graduating seniors – the MSR wants to celebrate you!

Trump implies two sides to Arbery killing; armed Black activists protect Michigan lawmaker and more

The killing of Ahmaud Arbery highlights the danger of jogging while Black

MIAC names its ‘Century of Champions’

Re-opening the economy will doom many

A nurse’s warning

Useful tools and resources for warding off stress

Shirley Joan Sims

Walton chooses North Carolina

Pandemic exposes deadly impact of disparities—now what?

White motorist charged with murder of Black St. Paul man

‘Quarantine Soul’ offers refuge and weekly showcase for artists

Essential worker Breonna Taylor gunned down in her home by Louisville police

State stay-at-home order to expire on May 18

Sleep apnea and the CPAP machines that treat it

Players and staff most at risk when sports resume

Why I resigned: an Amazon VP resignation letter

NorthPoint is now offering drive-up COVID-19 testing by appointment

African American Crisis Response Team seeks to fill gaps caused by...

Crooners cleared to launch ‘Lakeside Drive-In’ concert series

How to watch: President Obama celebrates the Class of 2020 with...

Former prep stars could impact NBA draft

Workers push back against COVID job risks

Mental health treatment still stigmatized by some

Gov. Walz announces plans for outdoor dining, limited occupancy salons

Teens rap on COVID-19

Safety issues pit nurses against United Hospital

Minneapolis park playgrounds, courts and fields to reopen in two weeks

Here’s how to stay safe while buying groceries amid the...

Black delivery man detained by White HOA president; Walmart ends...

Gov. Walz lifts stay-at-home order, replaces with ‘Stay Safe MN’

Refurbished computers help narrow the digital gap

‘Power of YOU’ programs offer help local college-bound

Enjoying wildlife territories in the comfort of your backyard

Healing artist DejaJoelle uses movement to inform healing and...

Another potential dark side of COVID-19 affecting children

2020 MN State Fair is canceled due to coronavirus concerns

Stadium safety presents big challenges

Long-term effects of pandemic look dire, experts warn

Minneapolis to require face coverings in all indoor public places

The beat goes on in spite of pandemic

Calling all graduating seniors – the MSR wants to celebrate you!

MN DEED doing its part to help Communities of Color impacted by...

Our continuing terror: the murder of Ahmaud Arbery

Gov. Walz partners with faith leaders to reopen places of worship...

C&G’s is the place for good old school eating

Mpls fire stations accepting mask donations for #MaskUpMPLS campaign

North Coach Charles Adams wins award

Fear has helped keep games away

The gospel of Michael Jordan: thankfully the ‘Last Dance’ is the...

Arts Facts

Lifestyle Facts

Blackfacts BETA RELEASE 11.5.3
(Production Environment)