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Taxes Archives - Institute of the Black World 21st Century

Amazon CEO Jeff Bezos

IRS records show wealthiest Americans, including Bezos and Musk, paid little in income taxes as share of wealth, report says

By Commentaries/Opinions

ProPublica obtains tax data on richest Americans, which could send Washington scrambling. By Todd C. Frankel and Douglas MacMillan — The wealthiest Americans – including Warren Buffett, Elon Musk and Jeff Bezos – paid little in federal income taxes at times in recent years despite soaring fortunes, according to Internal Revenue Service data obtained by ProPublica. The release of the records sent shock waves through Washington, with the federal government…

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People of color, women and the LGBTQ community are just some of the groups who often get slighted with tax reforms.

How American tax laws encourage inequality

By Commentaries/Opinions

Talk of tax reform always seems to be in the air. By Anthony C. Infanti, The Conversation — Last fall, Republicans in Congress hastily pushed through the Tax Cuts and Jobs Act, hailing it as “historic legislation” and “once-in-a-generation tax reform.” But that legislation has proved unpopular because it is widely and accurately viewed as tax cuts for the wealthy and corporations, with any effort at reform being merely coincidental. Despite the unpopularity of last fall’s effort, this…

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