GOP Christmas

Staff / Truthdig Dec 13, 2013 Dig deeper

How the U.S. Tax Code Benefits the Wealthy (and Screws Over Most Everyone Else)

Tracy Bloom / Truthdig Apr 15, 2013 One thing to remember on Tax Day 2013: It's good to be a wealthy citizen in the United States. Thanks to tax breaks aimed specifically at those who make boatloads of money, the average rich person takes in an additional $250,000 in income each year. The rest of us? Not so fortunate. Dig deeper ( 2 Min. Read )

How Facebook Made a Billion Dollars, Paid No Taxes and Expects a Huge Refund

Tracy Bloom / Truthdig Feb 18, 2013 Despite making $1.1 billion after going public last year, Facebook didn't pay a dime in state or federal income taxes in 2012. Instead, thanks to the social media company's use of a single tax break, it anticipates getting a massive refund from the government totaling $429 million. Dig deeper ( 2 Min. Read )

Video Game Companies Cash In on Tax Tokens

Staff / Truthdig Sep 11, 2011 American video game developers are benefiting from an odd combination of tax breaks many analysts say are intended to encourage industries that serve the public good by providing broadly valuable social services. (more) Dig deeper ( 2 Min. Read )

Dueling Fireworks Shows

RJ Matson, Cagle Cartoons, Roll Call Jul 5, 2011 Dig deeper

Boehner Pays Lip Service to Cutting Government Oil Subsidies

Staff / Truthdig Apr 26, 2011 With gas prices still rising, House Speaker John Boehner has broken from traditional GOP rhetoric to voice his support for ending tax breaks to the oil industry. Dig deeper ( 1 Min. Read )

Let’s Be Honest About Taxes

Ruth Marcus / Truthdig Aug 26, 2010 We need to do something about tax expenditures, those spending programs disguised as tax breaks that cost us close to $1.2 trillion a year. Dig deeper ( 3 Min. Read )

Obama Pushes His Budget Plan

Staff / Truthdig Mar 1, 2009 In his weekly address, President Barack Obama makes the case for his proposed budget scheme, arguing that while it might rankle the likes of Washington lobbyists, it will deliver on the promises he made during his campaign. Dig deeper ( 1 Min. Read )