On this edition of Your Call, we’ll ask who bears what share of the tax burden and where their money goes.
Donald Trump’s 2017 tax law gave most of its benefits to high-income households and foreign investors while increasing taxes on some Americans. It also created a windfall for corporations. Now California legislators are considering a new tax hike on the top 0.2 percent most profitable corporations. What would a fair tax system look like?
Guests:
Matt Gardner, senior fellow and former executive director at the Institute on Taxation and Economic Policy
Gene Steuerle, Institute Fellow and Richard B. Fisher Chair as well as the co-founder of the Urban-Brookings Tax Policy Center and author of Dead Men Ruling: How to Restore Fiscal Freedom and Rescue Our Future
Lindsay Koshgarian, program director at the National Priorities Project
Web Resources:
East Bay Times: Blue states fear exodus of rich taxpayers, but study finds no sign — yet
ITEP: Corporate Profits, Corporate Federal Tax Collections
Federal Priorities Project: Tax Day 2018
ProPublica: The IRS Tried to Take on the Ultrawealthy. It Didn’t Go Well.