Taxes

Abigail Disney thinks rich people (like herself and Warren Buffett) should pay more taxes.
A Pro Publica report on how much U.S. billionaires pay in taxes, and (surprise) it's a lot less than you and I pay.
It is little surprise that New York had the highest state income tax collections per capita in 2019.
Although the percentage of U.S. adult smokers has declined in recent years, states still rake in enormous revenues from taxes on cigarette sales.
A new analysis forecasts taxes from marijuana sales by state, and California appears to be the big winner.
The state with the highest average income tax refund is Delaware, which attracts many businesses because of its corporate-friendly tax laws.
In 2019, the average state and local tax burden was more than 10% of income, but this figure varied widely from state to state.
A new paper suggests that the top 1% of U.S. earners are paying far less than their fair share of taxes. In fact, they are evading taxes.
Not included among 75 tech company CEOs who signed a pledge to pay their "fair" share of taxes to support the Tech for Good initiative were Tim Cook of Apple and Jeff Bezos of Amazon.com.
The Congressional Budget Office publishes each year a nonpartisan long-term projection of what it expects will be seen in federal deficits, debt, spending, and revenues. The annual report looks out...
Three U.S. Senators have proposed a one-time tax on a handful of billionaires whose wealth greatly increased during the pandemic, including Jeff Bezos and Elon Musk. The money would help fund...
Due to the spread of coronavirus, some current federal tax receipts of about $4 trillion a year will be pushed out a year from 2020 due to rescue plans.
One of the biggest concerns in the financial markets at this time is that governments and central banks have few obvious policy tools to help keep their economies going if what was seen in China...
Investors of Aurora Cannabis, like investors everywhere, are an impatient lot. Wall Street expects profits, and none of these marijuana companies is anywhere near profitability.
About three-quarters of the Fortune 500 companies made a profit in 2018. Among those profitable companies, 91 paid no taxes at all and another 56 paid less than 5%. The statutory rate for corporate...