Eisenhower Tax Rates of 90%

Tax
On more than one occasion, Bernie Sanders has mentioned that the top marginal tax rates under President Dwight D Eisenhower were 90%.  This has led to some confusion, and some have erroneously claimed that Sanders himself intended to increase these tax rates to 90%.  Furthermore, many incorrectly believe that this is flat 90% tax rate on everyone. There has been much debate over the Eisenhower tax...

How Some Big Corporations Don’t Pay Taxes?

Big corporations
According to a five year study by a tax activist group, it was found that many U.S. corporations paid very little or no federal income tax, between 2008 to 2012. Citizens of Justice glanced at some profitable Fortune 500 companies and found that 26 companies like Apple, Boeing, Verizon, General Electric, etc. paid no federal income tax in those five years and some even cut jobs. This was because of...