Perils of Top-Heavy Philanthropy

Perils of Top-Heavy Philanthropy

The 2016 presidential election brought increased scrutiny of the private philanthropic foundations controlled by candidates Clinton and Trump and their families. We should exercise similar oversight of the larger taxpayer-subsidized philanthropic sector to ensure it...
What the IRS Says About the State of Our Democracy

What the IRS Says About the State of Our Democracy

If taxes are the price we pay for a civilized society, a new report from the Internal Revenue Service indicates we might not be that civilized. According to the IRS, an annual $458 billion gap exists between how much taxpayers owe and how much taxpayers actually pay....
Ohio Proves It: Rehabilitation Works

Ohio Proves It: Rehabilitation Works

You might not guess it from the Republican governor or GOP-dominated legislature, but Ohio is proving itself the most progressive state in the union when it comes to youth prison reform. The Buckeye State has shifted away from punishing kids who get ensnared in the...
TurboTax is Lobbying to Make Filing Your Taxes More Difficult

TurboTax is Lobbying to Make Filing Your Taxes More Difficult

The deadline for filing taxes is coming up soon and I haven’t quite found the time to sit down and get it done. Why not? Well, like just about everyone else in the country I find the process onerous and more than a bit tedious. Who can I blame for this annual...
7 Things You Didn’t Know About The Ultra Rich

7 Things You Didn’t Know About The Ultra Rich

Each year, the Internal Revenue Service (IRS) publishes data on the collective income of the 400 taxpayers who report the most income on their tax returns. At the end of December, the IRS released cumulative data for the top 400 for the tax year 2013. The delay in...
Restaurant Industry Pay: Taxpayers’ Double Burden

Restaurant Industry Pay: Taxpayers’ Double Burden

Major restaurant chains have come under increasing criticism for paying workers so little that they need to rely on public assistance. What’s less well known is that taxpayers are also subsidizing these corporations’ executive compensation. This report calculates the...
Fast Food CEOs Rake in Taxpayer-Subsidized Pay

Fast Food CEOs Rake in Taxpayer-Subsidized Pay

These CEO pay subsidies are the result of a loophole that allows firms to deduct unlimited amounts from their income taxes for the cost of stock options, certain stock grants, and other forms of so-called “performance pay” for top executives. Put simply: the more...
Does DC Have the Audacity to Pass an Income Tax Increase?

Does DC Have the Audacity to Pass an Income Tax Increase?

Tax increases, especially for the wealthiest Americans are inevitable. Whoever says we can get out of our current economic mess (both debt and unemployment crises) without raising taxes is wrong. During an economic downturn, in which governments are failing to raise...
Taxpayers Are Getting Nuked

Taxpayers Are Getting Nuked

Compulsive gamblers are perpetually looking for the big score. Always thinking that the next card will draw that inside straight or the last card will turn their garbage into gold. Casinos have a name for these people–suckers. Well, Uncle Sam has pushed more...