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To be clear, the ordinary residents of South Dakota, Florida and other trust haven states don’t benefit from these changes. → Read More
Voters approved proposals to tax the rich, build worker power, and make housing and education more affordable. → Read More
“We estimate that over $20 million could have been raised from transfers in just six luxury buildings if the tax had been in place.” → Read More
Federal estate tax has become porous and effectively optional for the wealthiest households. → Read More
Federal estate tax has become porous and effectively optional for the wealthiest households. → Read More
Since the beginning of the pandemic, 745 U.S. billionaires have seen their total wealth increase by $2.1 trillion, a gain of 70 percent. → Read More
This massive exposé will hopefully boost momentum to fund IRS enforcement to ensure the wealthy pay their fair share. → Read More
The Pandora Papers show how the super-wealthy play shell games to elude their tax obligations. → Read More
As the super-rich got richer, the most economically precarious have been pushed to the curb. → Read More
Pandemic inequalities may explain the popularity of proposals to restore progressive income and wealth taxes on the very wealthy. → Read More
Our system subsidizes the "generous" donations of billionaires in the form of lost tax revenue. → Read More
The largest for-profit hospital conglomerate in the U.S. has made billions for its biggest shareholders during COVID. → Read More
Billionaires have reaped tremendous gains during the pandemic. A wealth tax will slow the build-up of democracy-distorting concentrations of wealth and power. → Read More
A new IPS briefing paper highlights the unique role of tax policy in wealth concentration. → Read More
Even in a pandemic, 64 billionaires have seen incredible gains from the major league sports teams they own. → Read More
The wealth of 650 U.S. billionaires has approached a total of $4 trillion, with $1 trillion in growth since March 2020. → Read More
Check back for our regular updates on U.S. unemployment and billionaire wealth during the pandemic emergency. → Read More
For the first time in US history, the top 12 U.S. billionaires surpassed a combined wealth of $1 trillion. On Aug. 13, they had a combined $1.015 trillion. → Read More
The growing concentration of wealth and power is distorting philanthropy and imperiling our democratic institutions. → Read More
Local policymakers are facing pressure to make painful spending cuts, when they could be raising taxes on the wealthy. → Read More