\Over two years ago, the IRS announced an ambitious new effort to subject the super rich to unprecedentedly intensive audits. How’s that effort working out? Most lawmakers would rather you not ask.
Austerity budgets are spreading everywhere, but wealth, new data show, has become more concentrated at the global economic summit than ever before. From Cairo to Palo Alto, even some conservatives are now talking wealth tax.
A tax-the-rich bombshell has dropped in the Presidential race. The French Presidential race. But this bombshell’s blast will almost certainly reverberate elsewhere. Maybe even in the United States.
GOP White House hopefuls want taxes on the rich cut even lower than they’ve already been cut. What might a tax-the-rich-even-less future bring? The land of the kiwi offers one frightful answer.
President Obama has proposed a specific new minimum tax rate for millionaires. Should America’s rich feel angry or relieved? We check the IRS tax data archives for an answer.
The GOP Presidential hopeful from Bain Capital has become a walking, talking object lesson on how plutocracy works — and why we desperately need to end it.
The rich don’t much like paying taxes when tax rates run high. They don’t much like paying taxes when tax rates run low either.
Today’s super rich can’t turn tin into gold. But they can get Uncle Sam to loan them free money. At the expense, of course, of America’s bottom 99 percent.
Still another global financial analysis firm has just tallied how much net worth is sloshing around in the pockets of the world’s most spectacularly wealthy. So when will the time finally come to stop the counting — and start the taxing?
Exactly a quarter-century ago, America’s punditocracy proclaimed victory in the struggle against tax complexity and unfairness. The rich applauded right along. We should have been suspicious.