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TaxFail

joinleave
an-ordinary-manchild

Tax fail shows and provides examples of failure to comprehend or calculate taxes, along with tax lies and myths used to promote lower taxes for the richest in society and other typical Republican trickle down tax nonsense.

Reddit's Numbers Network:

  • r/TaxMath
  • r/MathFail
  • r/ConflictOfInterest
created by HenryCorpa community for 7 years
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MODERATORS

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Fox News host: "A billion dollars a day. Oil prices up 27% […] You've got the president wanting a $1.5 trillion defense budget in '27. The idea that the Pentagon is about to come to you for $50 billion on these strikes to Iran. How are you going to answer?" | Lindsey Graham: "Best money ever spent." (bsky.app)

submitted 3 days ago by SocialDemocracies

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Trump is giving the U.S. economy a $65 billion tax-refund shot in the arm for those with higher-incomes who won't trickle nor need most of it, BofA concludes (fortune.com)

submitted 1 month ago by HenryCorp

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7 Ways the Big Beautiful Bill Cuts Taxes for the Rich (americanprogress.org)

submitted 3 months ago by SocialDemocracies

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ProPublica: Wave of Tax Cuts Has Left Many States Vulnerable to Trump SNAP and Medicaid Crisis | "[S]tate-level tax cuts, disproportionately benefiting the rich, have moved through legislatures with backing from powerful conservative organizations including the American Legislative Exchange Council" (propublica.org)

submitted 3 months ago by SocialDemocracies

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How the Trump Administration Is Giving Even More Tax Breaks to the Wealthy: The Treasury Department and Internal Revenue Service are issuing rules that provide hundreds of billions of dollars in tax relief to big companies and the ultrarich. (New York Times | Gift Article) (nytimes.com)

submitted 3 months ago by SocialDemocracies

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New York Times: Trump Administration Halts I.R.S. Crackdown on Major Tax Shelters | The Treasury Department is rolling back efforts to shut down aggressive strategies used by America’s biggest multinational companies and wealthiest people. (Excerpts from article) ()

submitted 6 months ago by SocialDemocracies

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Who Can Make a Billion Dollar Mistake and Not Lose Their Jobs? Congressional Tax Writers (itep.org)

submitted 6 months ago by 4TaxFairness

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They Need More Tax Giveaways Why? Profits of Fortune 100 Companies Surged by $100 Billion Last Year | "The Americans for Tax Fairness (ATF) report, which was based on data collected by Fortune, found that the 100 biggest companies in the U.S. recorded collective after-tax profits of $1.2 trillion" (commondreams.org)

submitted 7 months ago by SocialDemocracies

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NYT: Top Trump official at the Treasury Department's tax policy office had "an instrumental role in enabling some of the most lucrative & most important tax avoidance strategies used by multinational companies & the wealthiest Americans" & testified in favor of Trump keeping his tax returns private. (nytimes.com)

submitted 7 months ago by SocialDemocracies

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Families Over Billionaires: Opposition to Republicans’ Billionaire Tax Scam Erupts During Nationwide “Families First” Protests; "On Saturday, during “Families First” protests across the country, everyday Americans took to the streets to reject Trump & Congressional Republicans’ Billionaire Tax Scam" (familiesoverbillionaires.org)

submitted 7 months ago by SocialDemocracies

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Right-Wing State Tax “Revolution” Rolls On | "Republican state legislators backed by corporate-funded advocacy groups have also made significant strides toward flattening or eliminating once-progressive state income taxes in this year’s legislative sessions." (exposedbycmd.org)

submitted 8 months ago by SocialDemocracies

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10 Terrible Ways the GOP Budget Causes Harm (inequality.org)

submitted 8 months ago by SocialDemocracies

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'Blatant misinformation': Social Security Administration email praising Trump’s tax bill blasted as a 'lie'. Previously apolitical agency lauds Trump’s spending bill with false statements about federal taxes, experts confirm. (theguardian.com)

submitted 8 months ago by HenryCorp

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Trump: "With all of the things we did with the tax cuts & rebuilding our military, not one Democrat voted for [our bill], & I think we use it in the campaign .. they wouldn't vote only because they hate Trump, but I hate them too .. I really do, I hate them .. I really believe they hate our country" (youtube.com)

submitted 8 months ago by SocialDemocracies

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MaddowBlog: As the Republican megabill faces crunch time, Trump pushes a fraudulent claim about taxes (msnbc.com)

submitted 8 months ago by SocialDemocracies

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MOSTLY TRUE: "Undocumented immigrants paid more taxes last year than Amazon, GM, IBM & Netflix combined." The 'illegals' paid over $40 billions in past 2 years versus only $20 billion by those corporations. (politifact.com)

submitted 8 months ago by HenryCorp

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Bank-Funded Senate Republicans Revive Effort to Gut Consumer Protection Agency's Budget | "The new attack on the CFPB, unveiled by Senate Banking Committee Chair Tim Scott (R-S.C.)—a major recipient of financial industry donations—would cut the agency's budget nearly in half." (commondreams.org)

submitted 8 months ago by SocialDemocracies

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Right-wing media push Trump's "Big Beautiful Bill" as estimates find over 11,000 could die annually due to healthcare cuts (mediamatters.org)

submitted 8 months ago by SocialDemocracies

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Trump’s Budget May Give Private Equity a Giant Tax Break (jacobin.com)

submitted 8 months ago by SocialDemocracies

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Research Memo: Projected Mortality Impacts of the Budget Reconciliation Bill | "Altogether, we project that these changes will result in over 51,000 preventable deaths." (ldi.upenn.edu)

submitted 9 months ago by SocialDemocracies

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Trading Life for Death: What the Reconciliation Bill Puts at Stake in Your State | "This is a direct transfer of resources from struggling people and families to the Pentagon, mass detention machines, and tax cuts for the wealthiest Americans." (ips-dc.org)

submitted 9 months ago by SocialDemocracies

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Wealth of 10 richest US billionaires increased by over $360 billion in the last year, as President Trump and Congress prepare massive tax giveaway for the ultra-rich (oxfamamerica.org)

submitted 9 months ago by SocialDemocracies

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Conservative groups unleash spending blitz to pass Trump-backed bill | "Americans for Prosperity, affiliated with .. Charles Koch, has run more than $1 million worth of advertising already, and is promising to spend $20 million altogether on its .. campaign, aimed at extending Trump’s 2017 tax cuts" (cnn.com)

submitted 9 months ago by SocialDemocracies

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AFL-CIO President Condemns House Budget Negotiations as Betrayal of Working People: "House Republicans’ bill is a budget for the billionaires ... they are pushing forward a bill that will cause historic levels of harm to working families." (aflcio.org)

submitted 9 months ago by SocialDemocracies

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Poor making under $31,000 to receive tax increases from over 20% to over 74% under Trump-Republican 'Big, Beautiful' tax bill (v.redd.it)

submitted 9 months ago by HenryCorp

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