Exactly a hundred years ago, decades of progressive struggle finally paid off and outfitted America with a tool for braking the unlimited accumulation of grand private fortune.
America’s deepest pockets, a new report shows, are saving big bucks from the U.S. tax code’s wide assortment of income tax breaks. They’re saving even more from the absence of a wealth tax.
America’s top corporate executives love lecturing the rest of us about ‘fiscal responsibility.’ They want us to expect less from government. But they expect more, and a new report shows how they’re getting it.
Today’s conventional wisdom in Congress on taxing the rich — that tax rates on income at our economic summit have gone as high as they can sensibly go — has no real evidence to support it.
Years ago, right after World War II, America’s most famed corporate tax lawyer gave an answer that had the nation’s super rich squirming.
. . . we would have a fascinating, first-hand history of the roller-coaster first century of federal income taxation.
All those millions that CEOs and hedge fund managers have grabbed over recent decades? Our current tax code won’t let us grab them back.
The Bush years gave America’s rich new and unprecedented preferential treatment at tax time. The fiscal cliff deal enacted in the early moments of 2013 leaves that preferential treatment in place.
In the “fiscal cliff” debate, America’s super rich aren’t aiming to get us to oppose higher taxes on the nation’s highest incomes. They’re just hoping to keep us distracted.
Take all that post-election commentary about foolish billionaires and wasted millions in political contributions with a grain of salt. Our billionaires don’t have to actually win on Election Day to get their way.