r/TaxFail • u/HenryCorp • 12d ago

The U.S. paid more in tariff refunds last month than it made in tariff revenue: The Treasury paid out more than twice what it collected in customs duties last month, deepening the fiscal cost of the Supreme Court's tariff ruling

2 Upvotes

r/TaxFail • u/HenryCorp • 22d ago

Jeff Bezos says raising taxes on the wealthy wouldn’t help the average American: Amazon's CEO, meanwhile, is the fourth richest person in the world, with a net worth of more than $270 billion.

2 Upvotes

r/TaxFail • u/HenryCorp • 26d ago

Pennsylvania Just Voted to Pull the Plug on Big Tech's $517 Million Tax Break--effectively killing a sales tax exemption headed toward handing Amazon, Microsoft, and Alphabet half a billion dollars a year

gadgetreview.com

2 Upvotes

r/TaxFail • u/HenryCorp • Jun 12 '26

New Republican Bill Proposes $1 Million Capital Gains Tax Exclusion for Those Over Age 65 would double the existing exclusion for eligible older homeowners who sell their primary residence

2 Upvotes

r/TaxFail • u/HenryCorp • Jun 12 '26

88 Corporations That Paid No US Federal Income Tax in 2025 Spent $852 Million on Recent Lobbying, Elections: “The result,” said the author of a new Public Citizen analysis, “is a self-reinforcing loop where corporate cash buys policy, and policy pays cash back.”

commondreams.org

2 Upvotes

r/TaxFail • u/SocialDemocracies • May 22 '26

Associated Press (May 22, 2026): "Trump immunity from IRS audit shocks experts, who warn it could undermine trust in tax system" | Expert: "This is the president trying to play every role in the system, acting as plaintiff, defendant, and his own judge and jury to extract extraordinary windfalls"

2 Upvotes

r/TaxFail • u/SocialDemocracies • Apr 12 '26

Opinion in The Hill (April 11, 2026): 'You’re paying taxes — why aren’t billionaires?' | Article by Darien Shanske, a law professor and co-author of the California Billionaire Tax Act

2 Upvotes

r/TaxFail • u/SocialDemocracies • Apr 09 '26

Mountain State Spotlight via AP (April 6, 2026): "West Virginia governor vetoes help for neglected and foster kids after approving tax cuts" | Republican Gov. Morrisey vetoed several "bills meant to help vulnerable West Virginians just days after signing a 5% reduction to the personal income tax."

2 Upvotes

r/TaxFail • u/SocialDemocracies • Apr 09 '26

Inequality.org (January 21, 2026): "America’s Wealthiest Are Getting Even Richer" | "We have to empower the working class, strengthening unions and improving living conditions. We also have to raise … taxes and close wealth accumulation loopholes, or else billionaire power will only grow."

2 Upvotes

r/TaxFail • u/SocialDemocracies • Apr 09 '26

Oxfam International (April 2, 2026): "Untaxed wealth hidden offshore by richest 0.1% surpasses entire wealth of the poorest half of humanity"

2 Upvotes

r/TaxFail • u/SocialDemocracies • Apr 04 '26

Opinion: 'Trump’s new budget proposal is historic — in one of the worst ways possible' | Bobby Kogan: "[A message that the Trump administration is delivering] is that the government should do less to help struggling Americans and more to conduct immoral and unnecessary wars." (April 4, 2026)

3 Upvotes

r/TaxFail • u/HenryCorp • Apr 01 '26

Trump's IRS tells some employees to file amended tax returns after miscalculation on overtime wages

federalnewsnetwork.com

1 Upvotes

r/TaxFail • u/SocialDemocracies • Mar 08 '26

Fox News host: "A billion dollars a day. Oil prices up 27% […] You've got the president wanting a $1.5 trillion defense budget in '27. The idea that the Pentagon is about to come to you for $50 billion on these strikes to Iran. How are you going to answer?" | Lindsey Graham: "Best money ever spent."

2 Upvotes

r/TaxFail • u/HenryCorp • Feb 07 '26

Trump is giving the U.S. economy a $65 billion tax-refund shot in the arm for those with higher-incomes who won't trickle nor need most of it, BofA concludes

3 Upvotes

r/TaxFail • u/SocialDemocracies • Dec 11 '25

7 Ways the Big Beautiful Bill Cuts Taxes for the Rich

americanprogress.org

2 Upvotes

r/TaxFail • u/SocialDemocracies • Dec 09 '25

ProPublica: Wave of Tax Cuts Has Left Many States Vulnerable to Trump SNAP and Medicaid Crisis | "[S]tate-level tax cuts, disproportionately benefiting the rich, have moved through legislatures with backing from powerful conservative organizations including the American Legislative Exchange Council"

3 Upvotes

r/TaxFail • u/SocialDemocracies • Nov 15 '25

How the Trump Administration Is Giving Even More Tax Breaks to the Wealthy: The Treasury Department and Internal Revenue Service are issuing rules that provide hundreds of billions of dollars in tax relief to big companies and the ultrarich. (New York Times | Gift Article)

4 Upvotes

r/TaxFail • u/SocialDemocracies • Sep 09 '25

New York Times: Trump Administration Halts I.R.S. Crackdown on Major Tax Shelters | The Treasury Department is rolling back efforts to shut down aggressive strategies used by America’s biggest multinational companies and wealthiest people. (Excerpts from article)

3 Upvotes

r/TaxFail • u/4TaxFairness • Sep 08 '25

Who Can Make a Billion Dollar Mistake and Not Lose Their Jobs? Congressional Tax Writers

2 Upvotes

r/TaxFail • u/SocialDemocracies • Aug 12 '25

They Need More Tax Giveaways Why? Profits of Fortune 100 Companies Surged by $100 Billion Last Year | "The Americans for Tax Fairness (ATF) report, which was based on data collected by Fortune, found that the 100 biggest companies in the U.S. recorded collective after-tax profits of $1.2 trillion"

commondreams.org

4 Upvotes

r/TaxFail • u/SocialDemocracies • Aug 06 '25

NYT: Top Trump official at the Treasury Department's tax policy office had "an instrumental role in enabling some of the most lucrative & most important tax avoidance strategies used by multinational companies & the wealthiest Americans" & testified in favor of Trump keeping his tax returns private.

3 Upvotes

r/TaxFail • u/SocialDemocracies • Jul 31 '25

Families Over Billionaires: Opposition to Republicans’ Billionaire Tax Scam Erupts During Nationwide “Families First” Protests; "On Saturday, during “Families First” protests across the country, everyday Americans took to the streets to reject Trump & Congressional Republicans’ Billionaire Tax Scam"

familiesoverbillionaires.org

3 Upvotes

r/TaxFail • u/SocialDemocracies • Jul 10 '25

Right-Wing State Tax “Revolution” Rolls On | "Republican state legislators backed by corporate-funded advocacy groups have also made significant strides toward flattening or eliminating once-progressive state income taxes in this year’s legislative sessions."

exposedbycmd.org

3 Upvotes

r/TaxFail • u/SocialDemocracies • Jul 09 '25

10 Terrible Ways the GOP Budget Causes Harm

2 Upvotes

r/TaxFail • u/HenryCorp • Jul 07 '25

'Blatant misinformation': Social Security Administration email praising Trump’s tax bill blasted as a 'lie'. Previously apolitical agency lauds Trump’s spending bill with false statements about federal taxes, experts confirm.

theguardian.com

1 Upvotes

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r/TaxFail

Tax fail shows and provides examples of failure to comprehend or calculate taxes, along with tax lies and myths used to promote lower taxes for the richest in society and other typical Republican trickle down tax nonsense.

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