This video explains who doesn't pay income taxes and why, and notes that the share of non-payers is headed down to just a third a decade from now.
Profitable American companies paid just 12.6 percent of their profits in federal income taxes in 2010 -- well below the 35 percent federal corporate income tax rate, according to a new study by the Government Accountability Office.
In a revealing interview with The Wall Street Journal, House Speaker John Boehner discussed the conversations he had with President Obama during closed-door fiscal-cliff negotiations.
President Obama appeared in Florida Tuesday to make the case for the “Buffett Rule,” a policy he introduced in this year’s State of the Union address. The rule would institute a minimum federal income tax of 30 percent for Americans who make more than $1 million a year.
Last year, Citizens for Tax Justice found that 30 major corporations had made billions of dollars in profits while ...