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December 18, 2014
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Tag: Estate Tax


Shutterstock

A Progressive Estate Tax

Unless we reduce skyrocketing wealth and income inequality, unless we end the ability of the super-rich to buy elections, the United States will be well on its way toward becoming an oligarchic form of society where almost all power rests with the billionaire class.

Posted on Sep 9, 2014 READ MORE



eflon (CC BY 2.0)

Obama’s ‘Mixed Feelings About Old People’

The president gave wealthy Americans “a most generous reduction in their estate taxes” while telling Social Security beneficiaries “to live with smaller benefit checks,” William Greider writes in The Nation.

Posted on Apr 27, 2013 READ MORE



Flickr/Tax Credits

How the U.S. Tax Code Benefits the Wealthy (and Screws Over Most Everyone Else)

One thing to remember on Tax Day 2013: It’s good to be a wealthy citizen in the United States. Thanks to tax breaks aimed specifically at those who make boatloads of money, the average rich person takes in an additional $250,000 in income each year. The rest of us? Not so fortunate.

Posted on Apr 15, 2013 READ MORE



whitehouse.gov

Obama: Tax-Cut Deal Helps the Middle Class

In Internet-ese, one possible response to a couple of President Obama’s more intriguing justifications on Friday for the passing of the contentious tax-cut bill might be O RLY? This is because the president declared later that same day ...

Posted on Dec 17, 2010 READ MORE



White House / Pete Souza

Obama’s Tax Cave Is Worse Than Expected

Based on what The New York Times describes as President Obama’s “substantial concessions to Republicans,” Democrats in Congress have reason to fret. Not only did Obama agree to extend the Bush tax cuts for the wealthy, but he caved in to Republican demands to neuter the estate tax. ... (more)

Posted on Dec 7, 2010 READ MORE


‘A Good Year to Die’

George Steinbrenner’s well-timed death—though I suspect he may not have seen it that way—points up the insanity of the current estate tax situation.

Posted on Jul 15, 2010 READ MORE


Bunning
AP / Susan Walsh

Krugman: ‘Bipartisanship Is Now a Foolish Dream’

Someone might want to call President Barack Obama’s attention to the main message of Paul Krugman’s latest Op-Ed column in The New York Times: This whole bipartisanship idea isn’t going to catch on in Congress. Krugman takes the recent example of the bill-blockading gymnastics of Sen. Jim Bunning (pictured above), along with ... (continued)

Posted on Mar 5, 2010 READ MORE


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