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Capital Gains

Donald Trump Has a Point on Raising Taxes

James Resnick | Posted 09.09.2015 | Entertainment
James Resnick

Donald Trump is bombastic, yet for all his faults, he manages to reject the Republican Party's religious proclivity for tax cuts. He is wildly irrational, though his tax-increasing stance does appear to show a glimmer of prudence.

Jeb Bush Wants To Double Down On His Brother's Tax Cuts For The Rich

The Huffington Post | Zach Carter | Posted 09.09.2015 | Politics

Republican presidential hopeful Jeb Bush outlined a tax plan on Wednesday that broadly resembles the tax platform presented in 2000 by his brother Ge...

Trump More Progressive Than Democrats on Warren Buffett Problem

Chris Weigant | Posted 08.31.2015 | Entertainment
Chris Weigant

Democrats are doing one of two things, and neither one of them is very impressive. Democratic candidates are either so scared of being called a tax-raiser by Republicans that they do not support changing the problem at all, or they are secretly for changing it but don't want to say it.

Sanding Down the Rough Edges of Capitalism Is Not Enough

David Morris | Posted 08.06.2015 | Politics
David Morris

I recommend we stop using the term "contributions" to describe the campaign spending of oligarchs and start using the term they themselves often use: "investments". The very rich invest to change the rules in their favor.

Hillary Clinton's Economic Speech A Total Letdown

The Huffington Post | Zach Carter | Posted 07.24.2015 | Politics

Hillary Clinton gave a speech Friday that pledged to combat dodgy corporate management but offered only soft-touch policy solutions that included...

This May Be The Most Destructive Trend In American Capitalism Today

William Budinger | Posted 07.12.2015 | Business
William Budinger

There is growing pressure on public companies to act short-term and distribute their profits to shareholders instead of funding jobs, research, and investments. It is time for the American people to rethink these destructive trends.

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.

Annuities, Experts and My Losing 90 Pounds

Don McNay | Posted 05.21.2015 | Business
Don McNay

I was in a coffee shop, having breakfast with my daughter, Angela Luhys, on a week when my weight loss had reached the 90 pound mark since November. While sharing this great milestone with Angela, the guy in the booth behind me was trying to sell an annuity.

IRS Should Crack Down on Private Equity's Abusive Tax Alchemy

Eileen Appelbaum | Posted 06.15.2015 | Business
Eileen Appelbaum

Wealthy fund managers employ an army of tax advisors to make sure they do not miss any opportunity to get a tax break. As Warren Buffett pointed out, the mega rich already pay a lower tax rate on their incomes than the average worker.

Zach Carter

Republicans Push $269 Billion Handout For Millionaire Heirs And Heiresses | Zach Carter | Posted 04.14.2015 | Politics

WASHINGTON -- House Republicans this week will vote to hand the heirs and heiresses of America's largest fortunes a $269 billion tax break by repealin...

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.

Business Owners: Here's How the President's SOTU Proposals Will Affect You

Gene Marks | Posted 03.25.2015 | Small Business
Gene Marks

Good speech? Bad speech? That's irrelevant. And it's not important what you think of the president either. What's more important is what will actually impact your company. And based on the above, some of what the president discussed will impact you. That's what you should be thinking about as you begin this new year.

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.

Dave Jamieson

Obama To Propose Tax Hikes On Wealthy, Breaks For Middle Class | Dave Jamieson | Posted 01.19.2015 | Politics

During his State of the Union address on Tuesday, President Barack Obama will lay out a plan to extend tax credits to the middle class by hiking taxes...

How to Close the Racial Wealth Gap

Sean McElwee | Posted 02.21.2015 | 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 01.18.2015 | 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 | 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.