April 16, 2012 01:25 PM | Permalink | This one page fact sheet includes the information you need to understand the debates taking place around Tax Day. Read the fact sheet. Want even more CTJ? Check us out on Twitter, Facebook, RSS, and Youtube!
April 13, 2012 01:07 PM | Permalink | Read the PDF of this report. Tax Planning for the Super Wealthy Millions of Americans will spend part of this upcoming weekend trying to navigate tax preparation software or filling out the actual paper forms to file their income tax returns before the Tuesday deadline. For those […]
April 10, 2012 11:52 AM | Permalink | Read the PDF of this report. Congress should approve Senator Sheldon Whitehouse’s proposal to implement the “Buffett Rule” to raise badly needed revenue and make our tax system fairer, but should also recognize that this must be followed by far more substantial reforms. In particular, Congress can’t […]
April 9, 2012 09:33 AM | Permalink | Read the PDF of this Report. Last November, Citizens for Tax Justice and the Institute on Taxation and Economic Policy issued a major study of the federal income taxes paid, or not paid, by 280 big, profitable Fortune 500 corporations. That report found, among other things, that […]
April 5, 2012 01:27 PM | Permalink | Read the PDF of this report. The U.S. Has a Low Corporate Tax: Don’t Believe the Hype about Japan’s Corporate Tax Rate Reduction America has one of the lowest corporate income taxes of any developed country, but you wouldn’t know it given the hysteria of corporate lobbying […]
April 5, 2012 11:35 AM | Permalink | For the 2011 tax year, 97 percent of the Alternative Minimum Tax (AMT) will be paid by the richest five percent of taxpayers and 58 percent of the AMT will be paid by the richest one percent of taxpayers. Even in the (very unlikely) event that Congress […]
April 4, 2012 02:47 PM | Permalink | Click Here for the 2013 Edition of this ReportRead the PDF of this report. It’s often claimed that the richest Americans pay a disproportionate share of taxes while those in the bottom half pay nothing. These claims ignore the many taxes that most Americans are subject to […]
March 24, 2012 12:53 PM | Permalink | This presentation was given to participants of the Ecumenical Advocacy Days, an event that brings the perspectives of faith-based organizations to Capitol Hill. The presentation explains federal tax issues that are being debated today. Read the presentation. Want even more CTJ? Check us out on Twitter, Facebook, […]
March 22, 2012 03:42 PM | Permalink | Read the pdf of this report. House Budget Committee Chairman Paul Ryan has introduced a budget plan that, if implemented, would reduce revenues so significantly that they would be inadequate to pay for the federal spending under the Reagan administration, let alone the spending required in the […]
March 21, 2012 12:11 AM | Permalink | Recent polls show a large majority of Americans, including small business owners, are convinced that profitable corporations are not paying enough in taxes. Citizens for Tax Justice and U.S. PIRG’s Loopholes for Sale pursues the intersection of corporate campaign contributions to members of Congress and the absence […]
March 8, 2012 12:09 PM | Permalink | This report describes eleven options for Congress to raise revenue by reforming our tax system, including taxing capital gains the same as other income, ending corporations’ ability to “defer” paying taxes on offshore profits, enacting the “Buffett Rule,” ending tax subsidies for oil and gas companies, and […]
February 29, 2012 02:06 PM | Permalink | In response to CTJ’s recent finding that GE had an effective federal corporate income tax rate of two percent over ten years, GE’s press office issued a short statement designed to divert attention from its tax-avoiding ways. GE has nothing to say to contradict the figures we […]
February 23, 2012 02:51 PM | Permalink | Read the PDF of this report. The Obama administration has proposed a “framework” for corporate tax reform. Unfortunately, it is designed to be “revenue-neutral,” meaning it would not raise needed revenue to fund public investments, protect important programs such as Social Security and Medicare, or address the […]
February 16, 2012 04:06 PM | Permalink | On February 17, the President plans to visit a Boeing plant in Washington state to tout his proposed new tax breaks for American manufacturers. This is an odd setting to discuss new tax cuts, because over the past 10 years (2002-11), Boeing has paid nothing in net […]
February 14, 2012 06:44 PM | Permalink | President Obama’s fiscal year 2013 budget plan would cut taxes by $4.1 trillion over ten years. Most of this cost results from his proposal to make permanent 78 percent of the Bush tax cuts, which would reduce revenues by $3.5 trillion over a decade. The budget plan […]
February 7, 2012 10:54 AM | Permalink | Read the PDF of this report. Facebook announced this month that it plans to give its co-founder and controlling stockholder, Mark Zuckerberg, a $2.8 billion cash windfall. Amazingly, Zuckerberg’s bonanza will cost Facebook absolutely nothing. Well, actually, a lot less than nothing, since it will help save […]
February 1, 2012 01:46 PM | Permalink | The revenue impact of the Buffett Rule, as proposed by President Obama, depends on how it is implemented and whether or not the Bush tax cuts are extended again. Ending the breaks for investment income in the personal income tax would be a more straightforward approach that […]
January 26, 2012 01:56 PM | Permalink | Read the PDF of this report. During his State of the Union address, President Obama said that “no American company should be able to avoid paying its fair share of taxes by moving jobs and profits overseas.” We couldn’t agree more. However, his proposed solutions, which the […]
January 19, 2012 02:22 PM | Permalink | The cost of the tax plans proposed by Republican presidential candidates would range from $6.6 trillion to $18 trillion over a decade. Of the tax cuts going to South Carolina residents, almost half or more would go to richest five percent under these plans. The average tax […]
January 18, 2012 05:10 PM | Permalink | Read the pdf of this report. President Obama’s jobs council has released a report full of recommendations, including somewhat misguided points on the federal corporate income tax. The report rightly points out that the corporate income tax is full of loopholes that should be closed, but fails […]
January 18, 2012 11:03 AM | Permalink | Marking the second anniversary of the Supreme Court’s decision in the Citizens United vs. Federal Election Commission case, this report takes a hard look at the lobbying activities of profitable Fortune 500 companies that exploit loopholes and distort the tax code to avoid billions of dollars in […]
January 6, 2012 09:42 AM | Permalink | State-by-State Figures IncludedThe cost of the tax plans proposed by Republican presidential candidates would range from $6.6 trillion to $18 trillion over a decade. The share of tax cuts going to the richest one percent of Americans under these plans would range from over a third to […]
January 6, 2012 09:20 AM | Permalink | The cost of the tax plans proposed by Republican presidential candidates would range from $6.6 trillion to $18 trillion over a decade. Of the tax cuts going to New Hampshire residents, the share going to the richest one percent would range from a third to 43 percent […]
January 3, 2012 10:27 AM | Permalink | Three Republican candidates for president have released tax proposals with enough detail for CTJ to estimate their effects, and all three would give greater tax cuts to Iowa’s highest earners, whether measured in dollar terms or as a percentage of taxpayers’ income. Under any of these three […]
December 7, 2011 12:21 AM | Permalink | NEW REPORT: 265 Major, Profitable U.S. Corporations’ Tax Avoidance Costs States $42 Billion Over Three Years “Corporate Tax Dodging in the Fifty States, 2008-2010” follows up on “Corporate Taxpayers and Corporate Tax Dodgers, 2008-2010” which was published in November by Citizens for Tax Justice (CTJ) and the […]