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Capital Gains

How to Close the Racial Wealth Gap

Sean McElwee | Posted 12.22.2014 | Politics
Sean McElwee

Any presidential candidate should make the baby bond a central plank of their 2016 if they want to seriously address the problem of wealth inequality. Without such a proposal, wealth, and therefore political power will become increasingly concentrated in the hands of a small elite.

Americans Don't Support the Republican Agenda

Dale Hansen | Posted 11.18.2014 | Politics
Dale Hansen

The best thing Republicans had going for them in this election was the fact that they weren't in the same party as President Obama. But it would be a huge mistake for them to act as though this was an endorsement of their policies -- a mistake they seem likely to make. A mistake that seems destined to be part of the 2016 Republican autopsy.

Sudden Wealth From a Property Sale?

David A. Dedman | Posted 10.07.2014 | Money
David A. Dedman

A Life Event is a milestone that happens that can cause your life to change, as well as your financial life too. Often resulting in sudden wealth.

The Rise Of The Non-Working Rich

Robert Reich | Posted 09.14.2014 | Politics
Robert Reich

In a new Pew poll, more than three quarters of self-described conservatives believe "poor people have it easy because they can get government benefits without doing anything." In reality, most of America's poor work hard, often in two or more jobs. The real non-workers are the wealthy who inherit their fortunes. And their ranks are growing. In fact, we're on the cusp of the largest inter-generational wealth transfer in history. The wealth is coming from those who over the last three decades earned huge amounts on Wall Street, in corporate boardrooms, or as high-tech entrepreneurs. It's going to their children, who did nothing except be born into the right family.

Economist Thomas Piketty Explains Why Income Inequality Is Just Getting Started

The Huffington Post | Ibrahim Balkhy | Posted 12.19.2014 | Politics

Life's two certainties may be death and taxes, but French economist Thomas Piketty seems to have found a third: the rich will keep getting richer. ...

Paying Your (Un)Fair Share on Tax Day

Martha Burk | Posted 06.13.2014 | Politics
Martha Burk

We keep hearing that if corporations have to pay more taxes, the economy will suffer, because they won't hire more workers. Well, if you hadn't noticed, for the last five years they've hardly been on a hiring spree.

Paul Blumenthal

Millionaires Make Up The Majority Of Congress: Here's Why That Hurts Us

HuffingtonPost.com | Paul Blumenthal | Posted 01.25.2014 | Politics

WASHINGTON -- Millionaires occupy the majority of seats in Congress for the first time since ethics laws mandated personal financial disclosures, acco...

How Are The Rich Getting Richer? The More They Make, The Lower Income Tax Rates They Pay

Ian Reifowitz | Posted 01.23.2014 | Money
Ian Reifowitz

How about the top 1 percent overall, people with AGI's over $344,000? They paid an average of just over 24 percent. And the top 0.1 percent? Those with AGI's over $1.4 million? They paid 24 percent. Fascinating. The rate dropped the higher you went into the top 1 percent.

Stick With Your Grandfather's Portfolio

Dan Solin | Posted 09.29.2013 | Business
Dan Solin

If your grandfather was wise enough to determine a suitable asset allocation and invest in a globally diversified portfolio of low-management-fee index funds, you should follow his example and be grateful you inherited his wisdom.

How Likely Is Carried Interest Reform?

Jeremy Scott | Posted 08.11.2013 | Politics
Jeremy Scott

Carried interest reform will almost certainly be part of any major tax reform bill offered by Camp or Baucus. But it's also possible that even if tax reform efforts fail or stall, carried interest legislation could find its way into an extenders package or as a pay-for for deficit reduction or an extension of the debt limit.

Tax Reform: As Usual, We're Going About It All Wrong

Jared Bernstein | Posted 07.06.2013 | Business
Jared Bernstein

Proposed tax changes should have to stand on whether they'll a) help to raise the revenue we need to meet future challenges that are coming fast, or b) boost growth in ways that actually matter to contemporary economies.

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.

TBTF, TBTJ: Too Big to Exist

Mike Lux | Posted 04.10.2013 | Politics
Mike Lux

I remain troubled by the fact that fundamental economic issues seem to be the last thing on anybody's minds in D.C. And looming over these economic problems is the elephant in the room: these Too Big To Fail, and apparently Too Big To Jail, Wall Street financial conglomerates.

On the New Year's Fiscal Agreement

Miles Rapoport | Posted 03.04.2013 | Politics
Miles Rapoport

The major question now is, what is the shape of the debate to come? We believe the President and the Democrats' hands are strengthened, not weakened.

Catherine New

The Fiscal Cliff Redefines The 1 Percent

HuffingtonPost.com | Catherine New | Posted 01.02.2013 | Business

Forget the 1 percent, the fiscal cliff deal is all about the .7 percent. That's the slice of Americans who will be affected by Congress' new definitio...

Progressives Should Not Complain About the Fiscal Cliff Deal

Lenny Goldberg | Posted 03.04.2013 | Politics
Lenny Goldberg

On the substance, progressives should not cry "sellout" when the rich have had a permanent tax increase and the unemployed and middle-class are protected. We should cry wolf only when the right-wing wolf is really at the door of the poor and the middle class.

How the Fiscal Cliff Could Impact the Housing Recovery

Ryan Nickum | Posted 02.18.2013 | Business
Ryan Nickum

Everyone agrees the economy will falter if we go off the fiscal cliff, but how will the tax increases and spending cuts it will trigger impact the housing market?

Obama's Recession

Steve Pociask | Posted 02.18.2013 | Business
Steve Pociask

Simply put: The increase in dividend taxes is not a tax on the rich. Reducing savings, investment, income and jobs is a recipe for economic decline. Whether you are an investor, worker or a retiree, the pending increase could have serious consequences on you.

Ryan Grim

Negotiators Nearing Breakthrough On Tax Rates

HuffingtonPost.com | 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 ...

Zach Carter

Obama's Opening Gambit On The Fiscal Cliff -- Time To Freak Out?

HuffingtonPost.com | Zach Carter | Posted 11.30.2012 | Politics

No. But there are several interesting elements, particularly among the combined $1.6 trillion in new tax revenue. Obama has spent most of the past ...

Fantasy Cliff: Debunking the Biggest Myths About the Bush Tax Cuts and the Rich

Sanjay Sanghoee | Posted 01.30.2013 | Politics
Sanjay Sanghoee

We should stop taking the flawed arguments of the rich seriously, and call it out for what it is. Greed.

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.

Zach Carter

Lobbyists Push For Tax Breaks For Wealthy In Fiscal Cliff Debate

HuffingtonPost.com | Zach Carter | Posted 11.27.2012 | Politics

WASHINGTON -- As negotiations to avert the so-called fiscal cliff intensify, corporate lobbying groups are pushing key tax perks that benefit the weal...

Republican Scam on "Not Raising Taxes": Why Democrats Should HOPE All the Cuts Expire

Paul Abrams | Posted 01.20.2013 | Politics
Paul Abrams

No one should continue to indulge this fiction. Republicans have voted to raise taxes. Repeatedly. They just did it again in 2010.

Blowing Up America for $2,300

Richard Greene | Posted 11.16.2012 | Politics
Richard Greene

We are in danger of going over "The Fiscal Cliff" -- in large part -- because of the framing of the Bush tax Cut issue and adding "revenue" to our debt crisis has been appalling. Why is no one breaking this down? And why are we ignoring two hugely relevant points?