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Issues with the Partnership to Build America Act

June 25, 2013 11:45 AM | Permalink | Latest Proposed Tax Amnesty for Repatriated Offshore Profits Would Create Infrastructure Bank Run by Corporate Tax Dodgers Read this report in PDFCongressman John Delaney, a Democrat from Maryland, has proposed to allow American corporations to bring a limited amount of offshore profits back to the U.S. (to […]

Fact Sheet: Why We Need the Corporate Income Tax

June 10, 2013 10:38 AM | Permalink | Read this fact sheet in PDF.Some observers have asked why we need a corporate income tax in addition to a personal income tax. The argument often made is that corporate profits eventually make their way into the hands of individuals (in the form of stock dividends and […]

Apple Is Not Alone

June 2, 2013 04:43 PM | Permalink | Read this Report in PDF. Dell, Microsoft and Fifteen Other Fortune-500 Corporations’ Financial Reports Indicate Their Offshore Profits Are In Tax Havens; Hundreds More Likely Do the Same Recent Congressional hearings on the international tax-avoidance strategies pursued by the Apple corporation documented the company’s strategy of shifting […]

Presentation: Nuts & Bolts of Tax Reform

May 31, 2013 12:57 PM | Permalink | This presentation was given to the United Church of Christ, Office of Justice & Witness, and the Presbyterian Church (USA), Office of Public Witness. Read the presentation. Want even more CTJ? Check us out on Twitter, Facebook, RSS, and Youtube!

Apple Holds Billions of Dollars in Foreign Tax Havens

May 20, 2013 11:53 AM | Permalink | Read this Report in PDF. Virtually None of Its $102 Billion Offshore Stash Has Been Taxed By Any Government An analysis of Apple Inc.’s financial reports makes clear that Apple has paid almost no income taxes to any country on its $102 billion in offshore cash holdings. […]

State-by-State Figures on Obama's Proposal to Limit Tax Expenditures

April 29, 2013 11:45 PM | Permalink | Read this report in PDF. Updated Figures Show 3.6% of U.S. Taxpayers would Face a Tax Increase President Obama has proposed to limit the tax savings for high-income taxpayers from itemized deductions and certain other deductions and exclusions to 28 cents for each dollar deducted or excluded. […]

Executive-Pay Tax Break Saved Fortune 500 Corporations $27 Billion Over the Past Three Years

April 23, 2013 11:45 PM | Permalink | Read this fact sheet in PDF. Apple & Facebook Biggest Beneficiaries of Stock Option Loophole Earlier this year, Citizens for Tax Justice reported that Facebook Inc. had used a single tax break, for executive stock options, to avoid paying even a dime of federal and state income […]

Bernie Sanders Is Right and the Tax Foundation Is Wrong: The U.S. Has Very Low Corporate Income Taxes

April 23, 2013 02:19 PM | Permalink | Read this report in PDF. Senator Bernie Sanders of Vermont recently appeared on Real Time with Bill Maher and disputed the claim by the Tax Foundation that the U.S. has the highest corporate tax in the world. During a debate over spending and revenues, Senator Sanders said […]

Six Things You Need to Know on Tax Day

April 15, 2013 10:09 AM | Permalink | Read the Single Page PDF. 1. Virtually all Americans, including the poorest Americans, pay taxes. ■ When someone says almost half of Americans are not paying taxes, that refers to just one tax, the federal personal income tax, and ignores the many other taxes Americans at all […]

President Obama's Tax Proposals in his Fiscal 2014 Budget Plan

April 11, 2013 03:55 PM | Permalink | Read this fact sheet in PDF. President Obama has proposed some very modest changes in federal taxes in his Fiscal 2014 budget plan. Over the upcoming decade, the President’s proposal would boost total federal revenues by only $851 billion. That’s less than a 3 percent increase. Here […]

Ten (of Many) Reasons Why We Need Corporate Tax Reform

April 10, 2013 04:58 PM | Permalink | Read this fact sheet in PDF. Companies From Various Sectors Use Legal Tax Dodges to Avoid Taxes This CTJ report illustrates how profitable Fortune 500 companies in a range of sectors of the U.S. economy have been remarkably successful in manipulating the tax system to avoid paying […]

The U.S. Continues to Be One of the Least Taxed of the Developed Countries

April 8, 2013 11:26 AM | Permalink | Read this fact sheet in PDF.The U.S. was the third least taxed country in the Organization for Economic Cooperation and Development (OECD) in 2010, the most recent year for which OECD has complete data. Of all the OECD countries, which are essentially the countries the U.S. trades […]

Who Pays Taxes in America in 2013?

April 1, 2013 06:08 PM | Permalink | Read this fact sheet in PDF. (For more details, see the accompanying report.) Click on Charts to See High Quality Version. It is sometimes claimed that many low- and middle-income Americans don’t pay taxes while the richest Americans pay a hugely disproportionate share of taxes, especially after […]

New Tax Laws in Effect in 2013 Have Modest Progressive Impact

April 1, 2013 05:57 PM | Permalink | Read this report in PDF. (See the accompanying two-sided fact sheet)Click on Charts to See High Quality Version. The deal approved by Congress on New Years Day to address the “fiscal cliff” does not require the richest Americans to pay a disproportionate share of taxes, despite common […]

Who Loses Which Tax Breaks Under President Obama's Proposed Limit on Tax Expenditures?

March 29, 2013 01:33 PM | Permalink | The Deduction for State and Local Taxes Tops the List of Items Obama Would Limit Read this report in PDF. President Obama has proposed to limit the tax savings for wealthy taxpayers from itemized deductions and certain other deductions and exclusions to 28 cents for each dollar […]

Paul Ryan's Latest Budget Plan Would Give Millionaires a Tax Cut of $200,000 or More

March 13, 2013 02:40 PM | Permalink | Read this report in PDF. House Budget Chairman Paul Ryan’s budget plan for fiscal year 2014 and beyond includes a specific package of tax cuts (including reducing income tax rates to 25 percent and 10 percent) and no details on how Congress would offset their costs, all […]

Apple, Microsoft and Eight Other Corporations Each Increased Their Offshore Profit Holdings by $5 Billion or More in 2012

March 11, 2013 04:12 PM | Permalink | Read this report in PDF 92 Fortune 500 Corporations Boosted Their Offshore Stash by Over $500 Million Each In recent years, multinational U.S.-based corporations have systematically accumulated staggering amounts of profits offshore. Much if not most of these profits were actually earned in the United States but […]

Facebook's Multi-Billion Dollar Tax Break: Executive-Pay Tax Break Slashes Income Taxes on Facebook-- and Other Fortune 500 Companies

February 14, 2013 09:52 AM | Permalink | Read this report in PDF Earlier this month, the Facebook Inc. released its first “10-K” annual financial report since going public last year. Hidden in the report’s footnotes is an amazing admission: despite $1.1 billion in U.S. profits in 2012, Facebook did not pay even a dime […]

CTJ's 2013 Tax Calculator

February 6, 2013 03:51 PM | Permalink | Citizens for Tax Justice has an online calculator that will tell you what you’d pay in federal taxes in 2013 under three different scenarios: 1) Congress did nothing during the New Year and allowed the “fiscal cliff” to take effect. 2) Congress extended all tax cuts in […]

Derivatives Proposal from Top House Tax-Writer Could Improve Tax Code -- if the Revenue Is Not Used for Rate Cuts

February 4, 2013 06:17 PM | Permalink | Read this report in PDFIn recent weeks, Dave Camp of Michigan, the Republican chairman of the House Ways and Means Committee, released tax proposals related to the complex world of derivatives that would have real benefits — if Camp was not proposing to use all the resulting […]

Working Paper on Tax Reform Options

February 4, 2013 01:37 PM | Permalink | End Tax Sheltering of Investment Income and Corporate Profits and Limit Tax Breaks for the Wealthy: There are at least three major categories of tax reforms Congress could pursue to raise revenue. They include ending tax breaks and loopholes that allow wealthy individuals to shield their investment […]

Congressional Research Service Finds Evidence of Massive Tax Avoidance by U.S. Corporations Using Tax Havens

January 25, 2013 01:28 PM | Permalink | Read the Report (PDF) A new report from the non-partisan Congressional Research Service (CRS) finds that U.S. corporations report a huge share of their profits as officially earned in small, low-tax countries where they have very little investment and workforce while reporting a much smaller percentage of […]

How Many People in Each State Pay More in Taxes after the Fiscal Cliff Deal?

January 17, 2013 11:34 AM | Permalink | More Detailed Tables in Appendix in Full Report Read the full report in PDFThe expiration of parts of the Bush-era income tax cuts under the fiscal cliff deal affects just under one percent of taxpayers this year, while the expiration of the payroll tax cut affects over […]

Provisions of the Fiscal Cliff Deal

January 10, 2013 01:56 PM | Permalink | The fiscal cliff deal (the American Taxpayer Relief Act of 2012) makes permanent nearly all of the Bush tax cuts and extends many of the tax provisions from the 2009 economic recovery act. In fact, the only major provision of the tax breaks in effect in 2012 […]

Revenue Impacts of the Fiscal Cliff Deal

January 3, 2013 05:05 PM | Permalink | While the White House and members of Congress have described the fiscal cliff deal as raising $620 billion in revenue, the Joint Committee on Taxation (JCT), the official revenue estimator for Congress, has projected that it will actually reduce revenue by $3.9 trillion over a decade.  The […]