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.
The SEC has taken its first action against Goldman Sachs for alleged investor fraud—will it help efforts for financial reform and regulation? Or will the financial giant just be slapped with a fine and then allowed to continue business as usual?
As “tea parties” tepidly brew in cities across the country to protest government spending and budget deficits, President Obama is on the offensive, maintaining that the tax relief of his administration’s nascent months is helping resurrect our fallen economy.