There are now 813 billionaires with $5.7 trillion in wealth, making the ten-figure club even more powerful economically and politically. We need a progressive taxation system to reverse inequality.
Our tax loopholes let marginal and arbitrary differences in facts give rise to markedly different tax outcomes.
Proposals in play to pay for the ambitious public investment plan could help reverse skyrocketing wealth inequality.
To help pay for vital public investments, Congress needs to end a tax loophole that has allowed greedy private equity execs to pay a lower tax rate than many middle-class Americans.
The capital-gains-tax proposal would actually protect family farmers like those on “Little House on the Prairie” and tax the windfall riches ‘earned” by ‘The Beverly Hillbillies’
Tax-the-rich proposals just keep coming. The latest, a capital gains tax, would hit households earning over $10 million annually the hardest.
America’s top earners will be rushing to maximize their 2016 income if Democrats gain a sweep in November. But what happens next will be what really matters.
Congress needs to subject the super rich to the same reporting and withholding standards as the rest of us.
U.S. rates on wealth have fallen while rates on labor income have gone up. That’s unsustainable.
While the White House and much of the media spun the hurried late-night move as a victory for the middle class, it was a win paid for with new tax cuts worth hundreds of billions of dollars for America’s wealthiest families.
It’s time for wealthy people like me to become more responsible and pay our fair share of taxes.
Windfalls from gambling in the Wall Street casino should be taxed at the same rate as wages.
At last, investors can’t just fake the numbers on their tax returns when they reap capital gains.
Despite potential draw-backs, the rebel call for a ceasefire is the best way to diffuse violence, writer says.
Who says we need to borrow a trillion dollars to save Wall Street from its own excesses?