IRS data shows high earners pay more in income taxes than their share of earnings.
Search Results (750) for: taxes
Lead Stories→ Fact Check: Tax Cuts And Jobs Act Did NOT Raise Taxes On Most People Earning Under $75,000
Did the Tax Cuts and Jobs Act raise taxes on most people earning under $75,000? No, that's not true: The 2017 law aimed to lower taxes for individuals through measures such as reducing income tax rates and raising the standard deduction.
Lead Stories→ Fact Check: Image Does NOT Show An Authentic 1985 Memo From IRS Chief Stating That All Taxes Since 1913 Should Be Refunded
Does a viral social media post show an authentic memo confirming that then-IRS Commissioner Roscoe Egger instructed his subordinates in 1985 that "every tax paid into the Treasury since 1913, is due and refundable to every citizen and bus
Lead Stories→ Fact Check: Undocumented Immigrants In US DO Pay Taxes
Do undocumented immigrants in the United States not pay taxes? No, that's not true: The claim made by Elon Musk on X that "illegals in America" do not pay taxes is "absolutely false," the deputy director of the Institute on Taxation and E
Washington Post→ Biden keeps saying billionaires pay 8 percent in taxes. Not really.
The president is relying on an estimate that assumes income that is not currently being taxed on an annual basis.
Logically→ German government hasn’t canceled ‘net zero’ agricultural diesel taxes
The Dispatch→ It’s Time to Put Social Security, Medicare, and Taxes on the Table
Republicans can avert a debt crisis, but only once they’ve faced some harsh truths.
PolitiFact→ Fight Right Inc. – Campaign ad from DeSantis PAC says Nikki Haley ‘raised taxes.’ That’s Mostly False.
Nikki Haley “raised taxes.”
PolitiFact→ Alex Mooney – Did Jim Justice break his pledge not to hike taxes?
Jim Justice “broke his pledge, raised the gas tax.”
Lead Stories→ Fact Check: US Code Section Does NOT Make American Workers Exempt From Taxes — It’s About Federal Reserve Banks
Does a section of the U.S. Code, cited in a video on social media, exempt American workers from paying taxes? No, that's not true: No section of the U.S. Code universally exempts American workers from paying taxes. The section of the U.S.
PolitiFact→ Melissa Agard – It's true: You don’t have to pay taxes on KitKat bars and Viagra in Wisconsin
Potato chips, KitKat bars and Viagra are not taxed in Wisconsin because they are considered "essential."
PolitiFact→ Americans for Prosperity – Fact-checking how much the Inflation Reduction Act affects taxes
“The Inflation Reduction Act led to higher taxes.”
ABC News / AP Fact Check→ Immigrants pay taxes and housing costs, regardless of status
CLAIM: There are more than 18 million immigrants in the country without authorization but, unlike U.S. citizens, they are not required to pay taxes, rent, or receive vaccines.
Truth or Fiction?→ ‘The Richest 1% Evade $163 Billion in Taxes Every Year, the United States Literally Has a Yacht Tax Deduction’
On August 28 2023, an unlinked post by former United States Secretary of Labor Robert Reich was shared to Reddit’s r/WhitePeopleTwitter; it alleged that the “richest 1%” of Americans “evade $163 billion” in taxes each year
PolitiFact→ Fact-checking the Republican attacks against Gov. Ron DeSantis on Disney, taxes
Attacks against Florida Gov. Ron DeSantis began before he entered the 2024 presidential race. We’ve fact-checked claims about his record on taxes and elections and his fight with Disney.
Poynter→ Fact-checking 6 claims in Joe Biden’s budget speech on the economy, taxes and Medicare
President Joe Biden proposed a $6.8 trillion budget this week that would impose tax hikes on the wealthy to bolster Medicare’s finances ands provide additional money to expand social programs. […] The post Fact-checking 6 claims in Joe Biden’
PolitiFact→ Fact-checking 6 claims in Joe Biden’s budget speech on the economy, taxes and Medicare
When President Joe Biden released his $6.8 trillion budget proposal for fiscal year 2024, he made several claims about the economy, tax rates and Medicare. Some of them were accurate, we found; others were unsupported.
FactCheck.org→ Posts Mislead on Legal Basis for Paying Federal Income Taxes
Quick Take The U.S. Constitution established Congress’ right to impose federal income taxes, and the Internal Revenue Service administers the laws that require payment of taxes. Yet social media posts falsely claim there is no law that requir
The Dispatch→ How to Lose Elections and Still Cut Taxes
"I voted" stickers and buttons in Ann Arbor, Michigan. (Photo by JEFF KOWALSKY/AFP via Getty Images)Quirky circumstances may give Michigan Republicans bragging rights even though Democrats control the state legislature and governorship. The p
PolitiFact→ Joe Biden – Joe Biden miscalculates how much billionaires pay in taxes
The “average tax” for billionaires is “about 3%,” which is “a lower tax than a schoolteacher or a firefighter."
PolitiFact→ Facebook posts – GOP wants a ‘30% tax on everything’? That ignores taxes that would end, bill’s limited chances
"In the month since Republicans took the House majority," they are trying to "impose a 30% tax on everything."
PolitiFact→ Rick Scott – Sen. Rick Scott’s false claim that Joe Biden ‘cheated’ on taxes
President Joe Biden “cheated on his taxes and got away with it.”
The Dispatch→ Cut Spending, Raise Taxes, or Wait for Economic Collapse
There are three options for dealing with entitlements. The post Cut Spending, Raise Taxes, or Wait for Economic Collapse appeared first on The Dispatch.
PolitiFact→ Eric Adams – Claim about wealthy residents and taxes in New York City needs context
“Fifty-one percent of our taxes are paid by 2% of New Yorkers.”
PolitiFact→ Kari Lake – Katie Hobbs backed bill to double Arizona gas taxes
Katie Hobbs “has voted to double our gas tax.”
Full Fact→ UK Government doesn’t retain £50bn of Scottish taxes
Posts on social media overcount and double count Scottish revenues while undercounting Scottish expenditure.
PolitiFact→ Marco Rubio – Marco Rubio lobs misleading attack on Val Demings and taxes
Val Demings "voted with Pelosi to raise taxes over $4,000 on Florida families."
AllSides→ Ads Distort Oz’s Position on Abortion, Taxes and Social Security
https://www.factcheck.org/2022/10/ads-distort-ozs-position-on-abortion-taxes-and-social-security/ Ads f
FactCheck.org→ Ads Distort Oz’s Position on Abortion, Taxes and Social Security
Ads from two Democratic-aligned super PACs distort Dr. Mehmet Oz’s positions on taxes, Social Security and Medicare, and abortion. An ad from Senate Majority PAC says Oz would “hike taxes on working families” based on Oz’s vagu
FactCheck.org→ GOP Ads Use Outdated Federal Report to Attack Democrats on ‘Higher Taxes’
Republican super PACs are using an outdated Congressional Budget Office estimate to falsely claim in TV ads that Democrats voted to raise taxes by $20 billion on “lower- and middle-income families.” The ads concern a provision in the In
Lead Stories→ Fact Check: Walmart DOES Pay Taxes
Is it true that Walmart doesn't pay taxes? No, that's not true: In 2022 Walmart paid nearly $4.76 billion in income taxes as recorded on the annual report filed with the U.S. Securities and Exchange Commission. The claim appeared original
PolitiFact→ Charlie Crist – Charlie Crist misleads on Ron DeSantis' record on taxes
Gov. Ron DeSantis raised "taxes on the middle class by more than $1.5 billion while giving away $624 million to big corporations."
Logically→ Trump’s National Golf Club resort in New Jersey will be exempt from taxes as it is his ex-wife’s burial site.
Trump's Bedminster golf resort does not qualify as a cemetery company and is not eligible for tax breaks as the area used for the burial is small.
PolitiFact→ Tom Cotton – Tom Cotton misleads on how Inflation Reduction Act will impact size of IRS, taxes
The Inflation Reduction Act "doubles the size of the IRS, raises your taxes and spends billions on a green energy slush fund."
Lead Stories→ Fact Check: List Of 25 Taxes Does NOT Only Include Taxes That Didn’t Exist 60 Years Ago
Is this an accurate list of 25 taxes that didn't exist 60 years ago? No, that's not true: The list includes taxes that have been around since long before 1962. For example, federal taxes on tobacco and alcohol date as far back as the 18th
Washington Post→ The Senate bill and Biden’s pledge to not raise taxes on people making less than $400,000
The president made a big promise during the campiagn. Whether he kept it depends on how you look at arcane tax math.
PolitiFact→ Facebook posts – No, the IRS won’t take out $846.3 million in taxes from the $1.34 billion Mega Millions jackpot
"Congratulations to the IRS on winning the $846.3 million Mega Millions Jackpot.”
Lead Stories→ Fact Check: Requiring Federal Taxes IS Legal
Did a former IRS agent discover that there is no law stating that taxes need to be paid? No, that's not true: The IRS says that paying federal income tax is not voluntary. Section 1 of the Internal Revenue Code says there is a tax on taxa
Snopes→ Did Ben Franklin Pen the Famous ‘Death and Taxes’ Quote?
The quote about nothing being certain in life other than death and taxes has recently been attached to jokes on social media and ads for life insurance.
Snopes→ Biden to Call for 3-Month Suspension of Gas and Diesel Taxes
President Joe Biden will call on Congress to suspend federal gasoline and diesel taxes for three months.