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Estate Tax

An Estate Administration Overview

Brad Reid | Posted 02.26.2015 | Money
Brad Reid

Estate administration involves the probate of the decedent's estate and typically includes three broad actions: (1) asset collection, inventory and appraisal; (2) collecting and paying debts and taxes; and (3) distributing the remaining assets to beneficiaries. This process may occur with or without a will and may occur subject to a probate court or outside a probate court.

Social Security Policy Responses to Inequality

Ben Veghte | Posted 03.02.2015 | 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.

Will Chris Christie Play to National GOP by Tying Tax Cut for the Wealthy to Road Fixes?

Gordon MacInnes | Posted 02.18.2015 | Politics
Gordon MacInnes

Fixing the state's transportation mess is crucial. And there's no alternative but to find significant, stable funding to do so. Nor should the politics of Gov. Christie possibly seeking his party's presidential nomination trump responding to New Jersey's emergency.

A Gates Plan for Eliminating Student Debt

Chuck Collins | Posted 01.14.2015 | Politics
Chuck Collins

The Greatest Generation after World War II was created not only by their own grit, but also through major public investments in their prosperity. A similar investment is required for the next generation to rise to their full potential. Why should our greatest generation be behind us?

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.

A Real Plutocracy Prevention Act

Chuck Collins | Posted 11.18.2014 | Politics
Chuck Collins

Sometimes the best defense is a good offense. This week, Senator Bernie Sanders introduced his "Responsible Estate Tax Act" which would strengthen the estate tax and plug up some of the worst "billionaire loopholes."

A Progressive Estate Tax

Sen. Bernie Sanders | Posted 11.08.2014 | Politics
Sen. Bernie Sanders

Unless we reduce skyrocketing wealth and income inequality, unless we end the ability of the super-rich to buy elections, the United States will be well on its way toward becoming an oligarchic form of society where almost all power rests with the billionaire class.

What Einstein Taught Me About Death: 5 Reasons to Write a Will Today

Steve Mariotti | Posted 11.08.2014 | Money
Steve Mariotti

Whether you are looking to ensure your children's safety and future, or dictate how much of your earnings go back into the tax system, writing a will is an essential action and we can all benefit from taking advice from a genius like Einstein here.

Doing the Minimum On Minimum Wage

Dana Beyer | Posted 07.27.2014 | Gay Voices
Dana Beyer

We need more leadership from the top, as we had when the President came out for marriage equality and lit a fire under the movement and the party.

Thomas Piketty and Our U.S. Estate Tax

Chuck Collins | Posted 07.26.2014 | Politics
Chuck Collins

You've probably heard that the rich are growing richer. But Piketty reports that the concentration of wealth is more extreme than we imagined. The focus on the wealthiest 1 percent is distracting us from the dizzying concentration of wealth among the top one-tenth of 1 percent.

The Case for a Basic Guaranteed Income for All

Carl Gibson | Posted 07.13.2014 | Politics
Carl Gibson

We can't call ourselves a free country until working Americans are freed from poverty wages and dead-end jobs.

For Conservatives Like Paul Ryan, How You Make Your Money Is What Really Matters

Jay Livingston | Posted 05.27.2014 | Politics
Jay Livingston

Economic policies often rest on assumptions about human motivation. What conservatives are saying to you is this: working for your money is not as good as instead of inheriting it.

Republican Rhetoric Changes Depending on Whether They Are Dealing With Labor or Capital

David Morris | Posted 03.24.2014 | Politics
David Morris

Are Republicans inconsistent when they sometimes support using offsets and indexing and sometimes don't? Not at all. They're actually very consistent. When capital comes asking for gifts, Republicans act like Santa Claus. When labor is the supplicant, they conduct themselves more like Scrooge.

Planning Now: Back to the Basics

Jordan Waxman | Posted 02.17.2014 | Money
Jordan Waxman

Tax and estate laws have changed and are likely to change again with little notice. Now is the time to insure one's planning documents are up to date and flexible, and to execute on the strategies to save and grow wealth today and in the future.

Joseph's Coat and Jacob's Gift Tax

Howard J. Curzer | Posted 01.23.2014 | Religion
Howard J. Curzer

His older brothers are jealous of Joseph because of Jacob's favoritism, and perhaps angry at Joseph because he is an arrogant, insensitive, tattle-tale (Gen 37: 2). But that is not sufficient to explain their willingness to murder him.

It's Economic Inequality Stupid -- What to Do About the Biggest Crisis Facing America

Robert Creamer | Posted 01.23.2014 | Politics
Robert Creamer

Growing income inequality is caused by the human decisions and the economic rules of the game we create. And shamefully, America lags behind every other first world nation in closing that income gap. That can be changed.

Share Your Money Before You Die

Jason Alderman | Posted 05.08.2013 | Business
Jason Alderman

Now that the long-debated estate tax rules have finally been settled, let's get real. It pays to have a plan for distributing your assets, and if your finances are in good shape, there's no reason not to start sharing the wealth while you're still around to enjoy helping others.

Democrats Support for Progressivity Wanes

Jeremy Scott | Posted 06.04.2013 | Politics
Jeremy Scott

As the appetite for tax reform grows, perhaps voters should be wary of Democrats' lip service for progressivity when they seem willing and eager to drop the only truly progressive tax in the code.

This Global Leadership Role Is One We Should Be Ashamed Of

Jerry Lanson | Posted 05.04.2013 | Politics
Jerry Lanson

Remember the dismissive term "Banana Republic?" When I was growing up 50 years ago, it was used to mock Latin American dictators for operating oligarchies that preyed off their poorer citizens. Today, increasingly, it describes the United States of America.

Whalen: No Longer the Land of the Free

Job Creators Network | Posted 02.11.2013 | Business
Job Creators Network

The estate tax went to 40 percent with a $5 million exemption after the fiscal cliff "deal." My wife and I, like countless other business owners, scra...

Report: Rich Congressmen More Likely To Oppose This Tax

The Huffington Post | Bonnie Kavoussi | Posted 01.23.2013 | Business

If you suspect that lawmakers advocate for their own interests, the findings of a new study may confirm your suspicions. Wealthier Congressmen are...

Disparate Treatment

Bob Greenstein | Posted 03.06.2013 | Politics
Bob Greenstein

One of the most disappointing parts of this week's budget deal is its disparate treatment of a lavish estate tax break for the nation's wealthiest heirs as compared to several tax credit improvements for low-income working families.

None So Blind as Those Who Will Not See: GOP in Denial Over Legislative Victory in Fiscal Cliff

Howard Barbanel | Posted 03.05.2013 | Politics
Howard Barbanel

Some Republicans don't know a victory when they see one. All you hear out of presidential hopeful Marco Rubio and House Majority Leader Eric Cantor is doom and gloom but this is a case of not seeing the forest for the trees.

President's Critics Wrong on Cliff Deal: The White House Did Well

Paul Abrams | Posted 03.03.2013 | Politics
Paul Abrams

Much like the NeoCon chickenhawks who urge the country to wars but never volunteer themselves, not a single critic, in Congress or out, would have suffered as the unemployed without unemployment insurance had the president not negotiated this deal.

Why Some States May Be Cheering The Fiscal Cliff

Reuters | Nanette Byrnes | Posted 12.27.2012 | Business

* States could get $3 billion in estate taxes-study * 30 states would be affected Dec 26 (Reuters) - Falling off the "fiscal cliff" is a bad thi...