That was the plan all along...!
Expert: Analysis shows Trump tax plan “taking money” from bottom 95% and “giving it” to richest 5%
"This is an enormously redistributive tax plan from low- and middle-income families to the wealthiest Americans"
By Tatyana Tandanpolie
Published October 8, 2024
Excerpt: "Former President Donald Trump's proposed tax plan would create tax cuts for the nation's top 5% of earners while leaving the rest of Americans to shoulder tax increases by 2026, according to a new analysis.
"The report, released Monday by the Institute on Taxation and Economic Policy (#ITEP), found that enacting Trump's tax proposals would offer the richest 1% of earners an average tax cut of over $36,300, while the next highest 4% of earners would see average tax cuts of nearly $7,200. The remaining 95% of Americans, however, would see average tax increases, spanning from just over $600 to nearly $1,800 depending on where they fall in the country's income distribution.
"With just under a month left before Election Day, the ITEP analysis offers a comprehensive look at the combined impact on Americans of all the GOP nominee's tax proposals should he reclaim the White House and implement them. While Trump has boasted about these tax policies' money-saving potential in appeals to everyday Americans on the campaign trail — especially his broad-based #tariff proposal — ITEP researchers concluded that the projected tax changes would hit working-class Americans the hardest while disproportionately benefitting the wealthy."
#TaxTheRich #KillThePoor #PayYourFairShare #EatTheRich #Millionaires #Billionaires #CEOs #USPol #TrumpTaxPlan
Nel 2020 la Corte tributaria degli Stati Uniti ha condannato la multinazionale al pagamento di una multa miliardaria per aver trasferito strumentalmente parte dei profitti della casa madre nelle filiali domiciliate in paradisi fiscali esteri. Cinque anni dopo i suoi dirigenti sono così sicuri dell'appoggio dell'amministrazione Trump da non citare l'eventuale versamento nella reportistica rivolta agli investitori. Matthew Gardner dell’Institute on taxation and economic policy spiega bene perché è uno scandalo
Il quinto meno ricco dei cittadini statunitensi è destinato a pagare un conto salato per via dell'intervento promesso dal presidente rieletto. Dai tagli delle aliquote alle alte tariffe per le importazioni: chi ha un reddito annuo al di sopra dei 915mila dollari ci guadagna. Lo studio dell’Institute on taxation and economic policy e il precedente devastante del 2017
New #openaccess publication #SciPost #Physics
Supersymmetric polynomials and algebro-combinatorial duality
Dmitry Galakhov, Alexei Morozov, Nikita Tselousov
SciPost Phys. 17, 119 (2024)
https://scipost.org/SciPostPhys.17.4.119
#Louisiana’s Governor has sided with local taxing authorities in #NewOrleans over a $5+ million tax dispute with #FolgersCoffee. After the city government denied applications through #ITEP, Folgers appealed to a state board, which ultimately decided to grant the exemptions.
In refusing to approve the exemptions, Governor Edwards is returning the authority to tax back where it belongs: with the local bodies who are closest to the benefits and costs of these decisions.
#Louisiana’s #ITEP program offers big businesses relief from local taxes while largely cutting local taxing authorities out of the picture. In recent years, reform of ITEP gave local leaders a voice in vetoing applications, but now it seems companies can appeal to the Board of Commerce and Industry (and win).
#FolgersCoffee sought an appeal to the board, which let them off the hook for at least $5 million in unpaid taxes.
From #LAIlluminator:
https://lailluminator.com/2023/03/02/state-commerce-board-wrestles-taxation-power-from-locals-in-folgers-case/
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