Estate Tax to the Rescue

Estate Tax to the Rescue

The U.S. is facing a future of staggering inequalities. If nothing changes in our tax code, the Center for Economic Policy Research now predicts, the wealthiest 1 percent of Americans will claim half of all private U.S. wealth in the next 20 years. Meanwhile, the...
Inequality Will Get Worse Until There’s a Revolution

Inequality Will Get Worse Until There’s a Revolution

Imagine, after a deep sleep, you suffered the fate of Rip Van Winkle and woke in the spring of 2040. What might you find? Among other things, maybe a presidential candidate railing against America’s concentration of wealth. Except this time, it’s not the 1 percent...
Four Common Tax Confusions

Four Common Tax Confusions

Taxes are the price we pay to live in a civilized society. It’s that time of year when we talk about taxes with our friends, neighbors, and family. But there are a lot of misconceptions out there, and our biggest tax problem — that the very wealthy and our largest...
Social Security’s Dual-Income Trap

Social Security’s Dual-Income Trap

U.S. workers have paid a reduced Social Security tax rate of 4.2 percent for the past year and a half, down from the ordinary rate of 6.2 percent. For most Americans, this has meant some welcome tax relief. But one group is still paying more than its fair share....