Is Donald Trump’s tax avoidance ethical or honorable? 4 essential reads
A House committee released details of Trump’s tax returns from his time in office – and they show he paid zilch in 2020.
A House committee released details of Trump’s tax returns from his time in office – and they show he paid zilch in 2020.
New York’s lawsuit against Trump could mean he and three of his kids are prevented from operating a business again in the state – but the IRS will determine whether federal tax crimes also took place.
Congress tends to use the tax code to implement policy, which increases complexity and creates loopholes wealthy taxpayers like Trump can exploit.
The Tax Cuts and Jobs Act from Trump’s first administration harmed many middle-class and low-income taxpayers. But Black people got it the worst, says an expert on race and taxation.
Researchers who analyzed a decade of data detected a reduction in giving after millions of Americans stopped getting a tax break tied to charitable giving.
Wriggling out of paying taxes may be legal, but is it right? Aristotle, Immanuel Kant – and others – have their say.
Because the rich often have complicated deductions that dabble in the gray areas of tax law, it’s simply easier to audit the straightforward taxes of the working poor.
The charitable deduction vanished for the 30 million taxpayers who stopped itemizing in 2018, the year the tax changes took effect.
The administration wants to cut the tax rate on so-called pass-through entities, which is likely to lead to creative tax planning and outright evasion, damaging faith in the system.
Publicly traded companies must have independent oversight and make regular financial and other disclosures. The Trump Organization has none of these safeguards.