Trump's Tax Returns, Biden's Tax Plan, Everything You Didn't Know About Taxes, Redistributive Tax Policy, Where Do Our Tax Dollars Go with Sumaya Bouadi
Manage episode 274073518 series 2779638
Sumaya Bouadi studies tax law at Yale Law School. We talk about Trump’s taxes—what’s legal and what isn’t and what are the consequences? What would Biden’s tax on people who make more than 400k do? Could getting rid of the corporate tax actually be more progressive tax policy? Why isn't capital taxed? How do we get more progressive tax policy? What could increasing the capital gains tax do? How did evangelicals and the moral majority and the religious right get interested in politics? It’s not pro-life! Why do we even need taxes? Taxes are fundamentally redistributive--do we see that in our economy? Where are our taxes going?
(2:50) - Trump's tax returns. How did he pay $750? What's legal and what isn't?
(6:50) - How does the IRS investigate fraud? Shouldn't businesses be audited more? Who is audited the most--low income individuals who get tax credits.
(8:40) - Why can't we just increase taxes on corporations? Offshoring and international tax and overseas tax savings. How Amazon saves on taxes.
(13:30) - Who is being harmed from tax proposals from Biden and Trump? Why don't we have tax on capital? The 2017 Republican Tax Bill.
(17:00) - Biden's proposal of raising taxes for people making over $400,000.
(19:10) - Why don't we increase the capital gains tax and taxes on investment income?
(20:20) - Why did evangelicals, the moral majority, and religious right get interested in politics? It's not Roe v. Wade.
(23:25) - When politicians talk about taxes,
(25:50) - Why don't we just only issue debt and not have taxes?
(27:25) - Are taxes actually redistributive? Where are our taxes going?
(30:15) - Why aren't the 1 percent paying more taxes than those making less?
(33:50) - How did Sumaya get into taxes?
(37:45) - Eliminating the corporate tax would never pass by progressives even if it is more redistributive! Tax is so hard to explain.
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Welcome to Progressive Opinions of Color (POC), a podcast that seeks to create space for more people of color in politics and economics. With the 2020 presidential election coming up and the state of the economy during COVID-19, it is more important than ever to think about who we include in the conversations about politics and economics. I am Nancy Wu, your host. I’m also an Asian American woman, an economist, and a huge politics and policy nerd. I triple majored in Economics, Government (Political Science) and Gender Studies at Dartmouth and have a Master’s in Development Economics from Oxford. I work as an Economist full time and have previously worked in economic policy at the White House (under Obama, of course) and progressive think tanks. The goal of this podcast is to engage the Asian American community and other POC and BIPOC voices in an industry that is so heavily represented by old white men. The POC Podcast will host conversations on the 2020 Presidential Election, Joe Biden, Kamala Harris, the coronavirus pandemic, the state of the economy, and other pressing topics in politics, economics, and culture, all through perspectives inclusive of the lived experiences of people of color. Whether you're new to politics or already a huge politics nerd, I hope this podcast inspires community and conversation among us. Join me in reimagining politics and economics with underrepresented voices. The economy is complicated enough. Learn about it through stories from real people.