The study found that of the 379 profitable companies, 91 paid no federal income taxes. A further 56 companies paid rates between 0% and 5%.
The bill includes one-time payments of up to $1,200 for individuals, $2,400 for married couples filing jointly, and $500 per child.
This figure corresponds to 2% of all U.S. workers — 1 in 50.
Spain has nationalized all private hospitals in effort to contain coronavirus outbreak. The European nation also declared a state of emergency, placing the country in lockdown.
Sunday’s move appeared to be the largest single-day action ever taken by the Fed on record.
This is the second major increase in the minimum wage, which was raised by 16% in 2019.
Poor record keeping caused trillions to be counted multiple times.
A meta-study of 22 studies examining the potential affects of a single-payer healthcare system on the U.S. economy has shown healthcare spending would fall under the system. Nineteen of the studies found that spending would fall in the first year,… Read More ›
They point out exemptions and tax avoidance have created levels of inequality in the U.S. not seen since before the Great Depression.
He argues it does not capture information needed to fight crises we currently face, including the climate crisis and inequality crisis.