Amazon saved a ton of money on taxes in 2021 using perfectly legal—thanks to Congressionally provided loopholes—maneuvers to bring their tab down from $7.3 billion which would be the statutory rate.
Money Over People
The staggering sums being paid by Americans for healthcare are so far out of whack from literally all other modern countries as to be laughable—or would be if they wasn’t so sick.
On average, COVID is killing an estimated 2,600 people every day in the U.S., a staggering figure that experts fear is becoming “normalized” among the country’s political establishment and population.
There is something profoundly wrong in America when pharma companies can raise the price of generic drugs by 500 percent or more.
From the "not much of a surprise" department, analysis finds that America's 661 billionaires pumped $1,200,000,000 into the 2020 elections.
The study of Fascist Economic History will alert people to the path the current decrepit, corrupt and degraded Republican Party has chosen. This might be one of the reasons Republicans seem to hate history education so much.
According to ProPublica’s analysis of a secret trove of tax data, from 2005 to 2018, Phyllis Taylor took in some $444 million in income, most of it from wages, interest, dividends and capital gains, and didn’t pay a cent in federal income tax.
Donald Trump and other ultrarich Americans have made billions, but they’ve also managed to repeatedly dodge paying any federal income tax by claiming huge losses on their businesses.
Corporate boards have one job and one job only: make money for their shareholders. Thus raising the prices we pay for their goods and services is where "inflation" actually starts even though it is a lazy way of increasing returns.
IRS records reveal how Gov. Jim Justice, Gov. Jared Polis, former Education Secretary Betsy DeVos and other wealthy political figures avoid taxes using strategies unavailable to most of their constituents.
IRS records reveal that 18 billionaires and some 250 other ultrawealthy people received CARES Act pandemic stimulus funds intended to help middle-class Americans.
It is no anomaly that the industry would reject a proposal patent restrictions for Covid-19 vaccines—pharmaceutical companies had a big hand in shaping those rules in the first place, to protect pharmaceutical monopolies and their profits.
One of the biggest myths of authoritarianism is that it is "good for business." With this in mind, the Republican Party's persona as the "party of business" begins to look more and more like a facade.
Meet the true "welfare queens" who have not been well publicized and who cost us massive sums as tax payers to pay for their subsidies and are a testament to the effectiveness of lobbyist actions on their behalf.
The Pandora Papers being called the "biggest-ever leak of offshore data," a cache of nearly 12 million documents published Sunday laid bare the hidden wealth, secret dealings, and corruption of hundreds of world leaders, billionaires, public officials, celebrities, and others.
The return on investment from the Pentagon budget is death. Investing in people sounds like a much better deal. Unless of course some military, pharma, insurance or oil lobbyist is paying your freight.