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Estate Tax

5 Tax Questions We Need Answered In Tonight's Presidential Debate

Frank Clemente | Posted 09.26.2016 | Politics
Frank Clemente

Here are five key tax questions that should be asked of the two presidential candidates in Monday's debate.

Estate Tax Anniversary: No Big Deal for Small Businesses

John Arensmeyer | Posted 09.07.2016 | Business
John Arensmeyer

September 8 marks the centennial of the estate tax, which establishes a tax on certain estates that are transferred as inheritance. To mark the occasi...

Phoenix tax

Justin Curmi | Posted 09.06.2016 | Politics
Justin Curmi

Some say that an inheritance or estate tax is a pointless tax. It is sometimes called a death tax because the purpose is to collect a percentage of de...

The Five Worst Features Of Trump's New Tax Plan

Frank Clemente | Posted 08.18.2016 | Politics
Frank Clemente

Donald Trump's bad ideas come so fast and furiously it's sometimes hard to keep track of them all. So in case you missed the release of his revised ta...

Will Donald Trump Kill the Death Tax? Not If the Dems Initiate “Capitalism for All”!

Mitch Rofsky | Posted 08.17.2016 | Politics
Mitch Rofsky

Donald Trump’s economic agenda features reducing many taxes—but the Estate Tax is one that he proposes eliminating altogether. Here Trump is in li...

Closing An Estate Tax Loophole For The Wealthiest Few: What You Need To Know

Simone Leiro | Posted 08.03.2016 | Politics
Simone Leiro

The Obama administration has made considerable progress over the past eight years to make our tax code fairer. This week, the Treasury Department is building on that progress through proposed new rules closing a loophole that allows some wealthy families to avoid paying their fair share in estate taxes.

Dependent Schools - How the Public Pays More to Educate Students in Wealthy Private Schools Than Those in Public Schools

Don Hill | Posted 03.07.2016 | Education
Don Hill

(4th of 5 installments) Tax subsidies exist for private schools at least in part because the schools and their students' parents are deemed to serve ...

Dependent Schools - How the Public Pays More to Educate Students in Wealthy Private Schools Than Those in Public Schools

Don Hill | Posted 03.01.2016 | Education
Don Hill

Many booarding schools have found it difficult to consistently maintain full enrollments. Mercersburg was founded as a boys' school in 1893; it added girls in 1969 to counter a shrinking male applicant pool.

15 Things You Should Know About Trump's Tax Plan

GOBankingRates | Posted 12.23.2016 | Politics
GOBankingRates

By Chuck Epstein, Contributor Republican presidential candidate and billionaire Donald Trump has shown he is politically controversial. His proposed ...

Donald Trump's Tax Plan Could Balloon The Debt By 75 Percent

The Huffington Post | Zach Carter | Posted 09.29.2015 | Entertainment

WASHINGTON -- Donald Trump's tax plan would increase the national debt by more than 75 percent over the next decade, according to an analysis by a con...

5 Money-Saving Tax Loopholes About to Disappear

GOBankingRates | Posted 06.15.2016 | Business
GOBankingRates

The thousands of pages of the federal tax code -- and the tens of thousands of pages of ensuing regulations and judicial rulings -- offer many ways to reduce your taxes. These arrangements are often nicknamed loopholes when they apply to only some people.

Making the Economy Work for the Many, Not the Few: #8 Raise the Estate Tax on the Very Rich

Robert Reich | Posted 06.04.2016 | Politics
Robert Reich

At a time of historic economic inequality, it should be a no-brainer to raise a tax on inherited wealth for the very rich. Yet there's a move among some members of Congress to abolish it altogether.

Why Some of Us Pay More Estate Tax

Mike Branch, CFP | Posted 05.20.2016 | Money
Mike Branch, CFP

The Federal government assesses an estate or death tax only on estates valued at more than $5.43 million. Married couples can avoid these taxes if their net worth is less than $10.86 million.

It's Time to Restore the Estate Tax

Ben Veghte | Posted 06.28.2015 | Politics
Ben Veghte

The estate tax is an essential component of tax policy in any meritocratic democracy. In an era of rising income and wealth inequality, a strong estate tax has become all the more critical. Yet Congress has allowed the estate tax to erode, particularly over the last 15 years.

House GOP Votes to Take Food From the Mouths of Hungry Children to Give Huge Tax Break to Children of Multi-Millionaires -- Really?

Robert Creamer | Posted 06.21.2015 | Politics
Robert Creamer

I am not exaggerating. The GOP voted to eliminate the estate tax. But the estate tax only applies to estates larger than $5.4 million for an individual and $10.9 million for couples. Eliminating the estate tax would benefit only 5,500 families in America (.02 percent of the population).

The GOP's Handout for the Wealthiest Americans

Rep. Sandy Levin | Posted 06.20.2015 | Politics
Rep. Sandy Levin

Repealing the estate tax isn't just a boon for the 5,500 wealthiest Americans; it is a bust to federal taxpayers, who would be on the hook for its quarter-of-a-trillion-dollars cost. And it gets worse: Combined with other tax bills approved by House Republicans so far this year, our debt would grow by $584 billion to finance tax cuts for the wealthy.

Jason Linkins

So That Happened: Clinton's Economic Message Doesn't Worry Wall Street Bankers Because They Don't Believe Her

HuffingtonPost.com | Jason Linkins | Posted 04.18.2015 | Politics

This week, Hillary Clinton launched her campaign, but didn't order sofritas at Chipotle, the House of Representatives voted to offer upward of $250 bi...

Friday Talking Points -- Chasing The Scooby Van

Chris Weigant | Posted 06.17.2015 | Politics
Chris Weigant

Strange but true, the "Scooby van" is now part of our political lexicon. Hillary Clinton herself is apparently to blame for this one, as this was the playful name she came up with for the van she used to get from New York to Iowa this week.

Thank God for Peanut Butter and Jelly Day

Marian Wright Edelman | Posted 06.17.2015 | Politics
Marian Wright Edelman

In a nation where millions of working families still can't earn enough to pay rent, pay the bills, and put food on the table at the same time -- and where in fiscal year 2013 there were 4.9 million households with no income but SNAP, including 1.3 million households with children -- relying on the charity of PB and J Day is not a substitute for justice.

Jesse Rifkin

House Votes To Repeal Tax On Richest 0.2 Percent Of Americans

HuffingtonPost.com | Jesse Rifkin | Posted 04.17.2015 | Politics

WASHINGTON -- The House of Representatives voted Thursday to give a tax break worth $269 billion to the richest few thousand estates in the country, a...

Repealing the Estate Tax Is Wrong for America

Rep. John K. Delaney | Posted 06.15.2015 | Politics
Rep. John K. Delaney

Repealing the estate tax won't create jobs, it won't boost GDP and it won't add efficiency to the market. Instead, repealing the estate tax will simply add to the debt, hurt our ability to build a stronger economy and worsen economic inequality.

Repeal of Estate Tax Rewards Billionaires, Punishes Working Americans

Frank Clemente | Posted 06.15.2015 | Politics
Frank Clemente

Who deserves a break more these days: a struggling working family, or the heir to a billion-dollar fortune? According to the Republican majority in the U.S. House of Representatives, it's the billion-dollar baby.

Zach Carter

Republicans Push $269 Billion Handout For Millionaire Heirs And Heiresses

HuffingtonPost.com | 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...

Big Winners and Big Losers in the House and Senate Republican Budgets

Marian Wright Edelman | Posted 06.11.2015 | Politics
Marian Wright Edelman

In the House and Senate budget proposals for fiscal year 2016, passed with only Republican votes at the end of March, there are big winners and big losers. The big winners are defense spending and contractors and very wealthy people and powerful special interests. The big losers are children, our poorest group in America, and struggling low- and middle-income families.

The Republican Congress Votes for Dynasty Over Democracy

Robert L. Borosage | Posted 06.09.2015 | Politics
Robert L. Borosage

What any sensible Congress should be doing -- and what any sensible elite would be demanding -- is making the tax code more, not less progressive. Estate taxes should be higher; the various loopholes and dodges to escape them should be eliminated.