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2 mins read
In India, money is making money while the worker is left with a third-- explaining the gaping income inequality in the world’s fastest growing economy
Karl Marx has famously said, Man himself is mutually of no value. In India, the fruits of people’s…
6 mins read
A short trip to India showed me just how badly Apple is screwing up in the world's biggest democracy
And Apple's physical stores are tourist attractions in their own right. Angela Ahrendts, Apple's ex…
Shona Ghosh
2 mins read
Biden will seek $80 billion for the IRS to claw back $780 billion in unpaid taxes from the rich, reports say
The Biden administration is planning to dramatically increase taxes for rich people and corporation…
Tom Porter
2 mins read
Elizabeth Warren wants to triple the annual IRS budget to go after 'wealthy tax cheats'
The bill introduced by Sen. Elizabeth Warren would help close the tax gap by boosting the annual IR…
Ayelet Sheffey
2 mins read
The IRS chief says $1 trillion in taxes could be going uncollected every year - or more
Charles Rettig cited the $1 trillion figure in a Senate hearing, referencing a study finding unpaid…
Juliana Kaplan
3 mins read
The wealthiest 1% of Americans dodge $163 billion in taxes every year, Treasury says
Rich Americans know the government likely won't catch their antics, Treasury said. Beefing up IRS e…
Ben Winck,Juliana Kaplan
4 mins read
American billionaires paid less in taxes in 2018 than the working class, analysis shows - and it's another sign that one of the biggest problems in the US is only getting worse
Income inequality is currently at the highest level ever recorded, the US Census Bureau said in Sep…
Taylor Nicole Rogers
2 mins read
Why Gap waited 5 years before deciding to enter India
The first Gap store will open in New Delhi on May 30, and with it India’s retail market is expected…
3 mins read
It takes $1.7 million to get your kid into an elite college, according to rich people
Wealthy families also enlist pricey coaches to get their kids into prestigious preschool programs. …
Abby Jackson
2 mins read
The gap between the rich and the poor in the US has widened to a record high, and it mirrors the growth of 'dynastic wealth'
An Insider and Morning Consult survey from earlier this year also found that middle-class America i…
Hillary Hoffower
3 mins read
House Democrats' new plan still leaves a gap for the wealthy to dodge some taxes - and it keeps the corporate rate at a historic low
The wealthiest earn more from investments than salaries. Biden promised to change that, but the Hou…
Ben Winck
1 min read
Indian government's spending and income gap in May stands at 8.2% of annual target
In absolute terms, the fiscal deficit was Rs 1,23,174 crore at end-May 2021. The government e…
PTI
1 min read
10 States With The Best Tax Breaks For The Wealthy
Using ITEP data, along with data from the Tax Foundations' latest State Business Tax Climate Index,…
Mandi Woodruff,Megan Durisin
3 mins read
Byron Wien explains simply why America's wealth inequality is getting worse
Wien also argued in his commentary that "in spite of the wealth disparity, inequality does not seem…
Elena Holodny
3 mins read
India’s billionaires saw their wealth grow by ₹22 billion every day last year while the poorest 50% only saw a 3% rise in income: Oxfam
In its annual report, entitled “Public Good or Private Wealth,” Oxfam found that the bottom …
2 mins read
Billionaire 'Bond King' Gundlach hints he might leave California to a lower-tax state if local taxes for the wealthy are raised
Gundlach said Elon Musk, comedian Joe Rogan, and political commentator Ben Shapiro are leaving Cali…
Shalini Nagarajan
2 mins read
New Inequality Study Proves What Democrats Have Been Saying For Years
Republicans have argued that increased big government, taxation and regulations are keeping small b…