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Protesters Call For Tax Fairness At Oil CEO’s Home

Members of the 99 percent took to millionaire Chevron CEO John Watson’s home on Tuesday to protest tax loopholes for oil corporations and the extremely wealthy. Watson, who earned $1.48 million in 2010, has defended Chevron and the oil industry’s $4 billion subsidies. Many of these protesters were from Richmond, California, where Chevron now owes [...]
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Tax Loophole For Wealthy Money Managers Lowered Romney’s Taxes By $2.6 Million In Last Two Years

US Politics / Liberal : The Wonk Room (3 years ago)

Mitt Romney’s newly released tax returns show that he made about $20 million in each of the last two years, while paying a 13.9 percent tax rate in 2010. He anticipates paying about 15 percent for 2011. Romney is able to drive his t... Read Post

Tax loopholes for millionaires are “crazy”

US Politics / Liberal : Kicking Ass: The Democratic Party's Blog (3 years ago)

Pop quiz: Who said this? "We're going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. … They sometimes made it possible for millionaires to pay nothing while a bus drive... Read Post

Romney Economic Adviser Defends Tax Loophole That Saves Romney Millions

US Politics / Liberal : The Wonk Room (3 years ago)

Mitt Romney — due, in part, to a tax loophole that benefits wealthy money managers — is able to drive his tax rate down to 15 percent, below that of many middle-class families. That tax loophole, which allows money managers to pay t... Read Post


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