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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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Obama’s Corporate Tax Proposal Raises Taxes On Wealthy Money Managers, Ends Corporate Accounting Boondoggle

US Politics / Liberal : Think Progress (3 years ago)

Earlier, we noted the headline points from the Obama administration’s corporate tax reform, which aims to cut the corporate income tax rate from 35 percent to 28 percent, while doing away with a host of loopholes, credits, and deduc... 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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