Illinois is Tired of Carrying the Carried Interest Loophole
After two years without a budget, the Illinois state senate moves to close a tax loophole that cost the state billions.
The Real Reason Republicans Are Going after the IRS
It’s simple: a weak IRS helps the wealthy avoid paying taxes.
History Shows us we Don’t Need Billionaire Doctors to Make Medical Breakthroughs
Our tax codes incentivize medical entrepreneurs to go for gold while patients are left juggling what’s best for them versus what they can afford.
Wall Street Should Pay a Sales Tax, Too
Americans are used to paying sales taxes on basic goods and services, but when a Wall Street trader buys millions of dollars’ worth of stocks or derivatives, there’s no tax at all.
The Five Worst Ideas Contained in Donald Trump’s Tax Plan
Underneath the populist rhetoric is a regressive tax plan that hurts more than it helps.
These Hedges Need Trimming
Are hedge funds a financial service or a racket?
Obama 2.0: Yes We Can Raise Taxes
These four progressive proposals have bipartisan potential.
Paulson’s Plaintive Plea
Just because he lives in a 28,000-square-foot, $15-million mansion, why should this billionaire be targeted as an example of plutocratic excess?
Half-Full Champagne Flute
The economy looks good to John Paulson, since he made $5 billion last year.
Food, Egypt, and Wall Street
As Egypt and the Middle East rise, Wall Street and congressional Republicans continue to ignore the financial reforms the world is demanding.
Plutonomism
The ultra-rich are driving demand in the United States and other “plutonomies.”
Tax Day Talking Points
There are two tax systems in America today: one for the privileged and one for everyone else.
Time to Clamp Down on Vulture Funds
Congress must make it illegal for private investment firms and hedge funds to prey on poor countries.
Executive Excess 2008: How Average Taxpayers Subsidize Runaway Pay
This 15th annual report calculates the annual cost of tax loopholes that encourage excessive executive pay.
Despite the Mortgage Crisis, Hedge Funders Are Still Raking It In
The little guys may be hurting, but fear not for the titans of capital.