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Capital Gains Taxes

Will You Have to Pay Capital Gains Taxes on the Sale of Your Home?

Carrie Schwab-Pomerantz, CFP | Posted 07.06.2015 | Money
Carrie Schwab-Pomerantz, CFP

While there are generous exclusions allowed when it comes to capital gains on the sale of a home, timing is crucial and the clock is ticking.

Where Do You Fall in This Federal Income Tax Graph?

Graphiq | Posted 06.03.2015 | Money

The past 35 years have ushered in a considerable drop in the top rate paid by the most wealthy Americans, effectively narrowing the difference between the rates for the 1% and the rates for middle America.

Sen. Sanders' Bold Plan to Expand Social Security

Ben Veghte | Posted 05.16.2015 | Politics
Ben Veghte

Last week U.S. Sen. Bernie Sanders (I-Vermont) introduced the Social Security Expansion Act, a plan to both ensure greater retirement security for today's workers and retirees and strengthen Social Security's finances over the long term. It achieves these goals in large part by reforming Social Security to better come to terms with higher levels of inequality.

Social Security Policy Responses to Inequality

Ben Veghte | Posted 04.26.2015 | Politics
Ben Veghte

In response to the highly unequal 21st century economy, Congress should reform Social Security by asking high earners to contribute to Social Security on all of their income at the same rate as other Americans.

Obama Has Set the Parameters for 2016: Middle-Class Economics vs. Trickle-Down Economics

Ian Reifowitz | Posted 03.28.2015 | Politics
Ian Reifowitz

Obama's push to tackle income inequality provides any Democratic nominee with a central organizing theme and policy purpose. It also challenges any Republican nominee to either reject government action in that direction, alienating the strong majority of Americans who favor it--or embrace such government action, alienating the Republican base.

My Statement on the President's New Tax Proposals

Bob Greenstein | Posted 03.22.2015 | Politics
Bob Greenstein

In recent decades, economic growth has powerfully benefited Wall Street while leaving much of Main Street behind. The plan that President Obama unveiled today would take large, important steps to help redress part of the imbalance and make prosperity more broadly shared.

Cash Out or Stay Put

Geri Spieler | Posted 02.11.2015 | San Francisco
Geri Spieler

With real estate prices skyrocketing in Silicon Valley, some of my friends are deciding to cash in on their homes, grab the extra bucks and take a hike out of town or out of state and live the good life somewhere else with lots of money to spare.

10 Surprises When Inheriting Real Estate

Andrew Lieb | Posted 12.31.2014 | New York
Andrew Lieb

Following the death of a loved one, you may become the recipient of an unexpected parcel of real estate. Yet, with every windfall comes great obligations, so be prepared for the surprises you may encounter when inheriting property.

Think Again: The Super-Rich and Their Monster

Eric Alterman | Posted 01.23.2014 | Media
Eric Alterman

There has never been a better time to be enormously wealthy in the United States. They have managed to reshape the tax code in their own narrow self-interest and continue to exercise a stranglehold on Congress to prevent any attempts to redress this.

End IRS Scandals: Abolish the Corporate Income Tax

Eli Lehrer | Posted 07.19.2013 | Politics
Eli Lehrer

For all of its populist appeal, the corporate income tax is arbitrary and exempting some organizations from paying it is equally arbitrary. Abolishing the corporate tax altogether would supercharge the economy and wouldn't serve any particular set of political interests.

Capital Gain, Social Loss

Edward Corcoran | Posted 05.10.2013 | Politics
Edward Corcoran

To the extent that this favorable tax treatment facilitates economic expansion, the overall economy is mis-structured. Moving more assets to the wealthy should certainly not be a prerequisite for job development and economic progress.

Shocker: Huge Companies Cost U.S. Billions Exploiting Tax Break Designed for Farmers Swapping Horses

Ian Reifowitz | Posted 03.10.2013 | Business
Ian Reifowitz

It's ridiculous that huge corporations or speculators should be able to take advantage of this provision, buying one investment property, flipping it, and then "replacing" it with another, ad infinitum, not paying capital gains taxes on the sales.

Are Repubs Losing Their Religion?

Rick Horowitz | Posted 03.10.2013 | Politics
Rick Horowitz

The fiscal-cliff deal was far from perfect -- but don't sniff at a serious surrender from the GOP. ...

Ryan Grim

Negotiators Nearing Breakthrough On Tax Rates | Ryan Grim | Posted 12.18.2012 | Politics

WASHINGTON -- Fiscal cliff negotiators are coalescing around an agreement on high capital gains and dividends tax rates, according to both Democratic ...

The Real Economics of the Fiscal Cliff

Robert J. Shapiro | Posted 12.13.2012 | Politics
Robert J. Shapiro

The European sovereign debt crisis remains a serious threat, but not because a collapse of Greek, Spanish or Italian debt would infect confidence in U.S. Treasuries. The real issue is that such a crisis would threaten the solvency of many major French and German banks.

Tax Those Dividends

David Callahan | Posted 01.29.2013 | Business
David Callahan

Rarely has any tax cut in history shoveled more money to wealthy households than the 2003 tax cut for both dividends and capital gains.

The President's Opening Bid on the Grand Bargain (III): The Difference Between "Broadening the Tax Base" and Raising Taxes on the Rich

Robert Reich | Posted 01.14.2013 | Politics
Robert Reich

If Republicans won't budge on raising tax rates but insist on broadening the base, Democrats should take aim at the biggest tax loophole of all for America's wealthy: the preference for capital gains. Capital gains should be taxed the same as ordinary income.

The Not-So-Great Redistribution Debate: Makers, Takers, Shakers and Fakers

Ed Crego, George Muñoz and Frank Islam | Posted 12.02.2012 | Politics
Ed Crego, George Muñoz and Frank Islam

Redistribution is an everyday occurrence and it is at the heart of the American political and capitalistic system.

Robert Reich: 'Trickle Down Economics Is Bunk, It Always Was'

The Huffington Post | Harry Bradford | Posted 06.13.2012 | Business

Former Labor Secretary Robert Reich can think of three reasons to raise taxes on the rich. He needs less than that number of minutes to explain them. ...

The Case for the Buffett Rule: Fairness for the Taxpayer

Jimmy Dahroug | Posted 07.02.2012 | Politics
Jimmy Dahroug

Is it too much to ask that people making over one million dollars in annual income pay a tax rate comparable to middle income Americans? Why is there one set of rules for millionaires and a different set of rules for the rest of us?

The Economic Impact of Raising Taxes on High-Income Households

Jared Bernstein | Posted 06.25.2012 | Business
Jared Bernstein

Although tax increases on high-income individuals might reduce their saving, if the revenue generated is devoted to deficit reduction, the resulting increase in public saving is likely to more than offset any reduction in private saving.

A Time Bomb of a Tax Code

Christopher Bergin | Posted 06.02.2012 | Money
Christopher Bergin

If Congress and the president do nothing about our tax system between now and the end of the year, here are just a few things in the tax law that will blow up.

Tax Breaks Now Roughly Same Size As Federal Budget Deficit

The Huffington Post | Alexander Eichler | Posted 03.26.2012 | Business

Take all the tax breaks in the U.S. tax code and put them together. You'll find that they add up -- and up and up. That's the conclusion of a re...

How The Wealthy Game Their Taxes

Emily Cohn | Posted 03.08.2012 | Money

Warren Buffett's secretary pays a higher tax rate than billionaire Warren Buffett. Mitt Romney paid a 13.9 percent tax rate in 2010--lower than many m...

Private Equity Funds - Neither Job Creators nor Vultures, Just Profit Makers

Parvez Ahmed | Posted 04.15.2012 | Business
Parvez Ahmed

Over the last two decades the system has become lopsided so as to leave the 99 percent feeling helpless and hopeless. Meanwhile special interest groups continue to rig the system disproportionately in favor of the 1 percent.