Taxing Progressively

This category contains 90 posts

The ‘Buffett Rule’ in History’s Grand Sweep

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.

Should We All Start Praying for Mitt Romney?

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.

Law and Order 24/7, Except at Tax Time

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.

The Alchemy of Our Awesomely Affluent

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.

The Global Super-Rich Stash: Now $25 Trillion

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?

The ‘Landmark’ Tax Reform that Fizzled

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.

Do Plutocrats Need to Worry about Potholes?

One luxury automaker is betting big that America’s affluent feel no responsibility to the greater society crumbling all around them.

The Obama Tax Plan: A Test for America

Can democracy, one top political scientist asked last week, ‘function effectively in a society marked by vast economic inequality’? The fate of the modest new White House bid to tax our rich may tell the tale.

A Riddle that Brings Joy to Mega Rich Hearts

The Census won’t count it. The IRS won’t tax it, at anywhere near full freight. What is it? It’s enough, all by itself, to keep grand fortunes constantly soaring.

On a Rogue Billionaire, the Banging Begins

Investor Warren Buffett has made an insightful case for higher taxes on America’s rich. The reaction to that case, from our wealthy’s most ardent defenders, offers insights, too — on our plutocracy.