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Estate Tax

Further Estate Tax Cut Would Be a Disgrace

Bob Greenstein | Posted 02.17.2013 | Politics
Bob Greenstein

Policymakers hope to cut federal deficits by trillions of dollars over the next decade, imposing painful sacrifices on millions of Americans. So it's astonishing that they're also considering million-dollar tax cuts for a few thousand of the nation's wealthiest heirs and heiresses.

Warren Buffett Successfully Tears Down CNBC

The Huffington Post | Harry Bradford | Posted 12.14.2012 | Business

What’s that CNBC? You think you can successfully take on America's favorite billionaire? Think again. CNBC is backing off claims made earlier th...

Warren Buffett's Share Buyback Helps Anonymous Investor Avoid Tax Hit

Reuters | Ben Berkowitz and Lauren Tara LaCapra | Posted 12.13.2012 | Business

Dec 12 (Reuters) - Warren Buffett's $1.2 billion share buyback from a single unnamed investor likely helped that person's estate save substantially on...

High-Profile CEOs: Fiscal Cliff Deal Must Include Tax Increases

Reuters | Posted 02.10.2013 | Business

* CEOs say tax increases a potential solution * "Fiscal cliff" deal still in making * Millionaires' group backs boost in...

Christina Wilkie

Millionaires Demand Congress Raise Estate Taxes | Christina Wilkie | Posted 12.11.2012 | Politics

WASHINGTON - A coalition of three dozen ultra-wealthy progressives, including billionaire Warren Buffett, former President Jimmy Carter, philanthropis...

Zach Carter

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

Dems Undermining Obama In Contentious Push

Reuters | Posted 01.30.2013 | Politics

(Repeats to additional subscribers) * Rural-state Democrats differ with president on estate tax * Clock ticking on tax's...

The New Deal

Chris Weigant | Posted 01.28.2013 | Politics
Chris Weigant

There's going to be pain all around in whatever deal is struck. Most Americans are going to be directly impacted in one way or another by whatever bargain is made between President Obama and congressional Republicans.

Party of Entitled Rich Threatens Economy

Leo W. Gerard | Posted 01.19.2013 | Politics
Leo W. Gerard

Republicans aren't talking about extending tax breaks for the 98 percent. Instead, they're threatening the economic life of the country if they don't get what they want -- tax breaks for people who don't need them.

Do Republicans Love Me Just for My Money?

Eric Schoenberg | Posted 01.14.2013 | Business
Eric Schoenberg

Even if the entrepreneurs who proclaim "I built this business" are solely responsible for their own good fortune, their kids didn't build the business. If they really dislike dependency so much, why are Republicans so passionately opposed to estate taxes?

The Better Base Case

Edward D. Kleinbard | Posted 11.14.2012 | Politics
Edward D. Kleinbard

By buying down tax rates from the bottom up, the savings are shared equally. Where would the final balance between spending cuts and tax hikes come out, and which spending programs would be curtailed?

Time for Succession Planning Is Running Out With Looming Expiration of Bush Tax Cuts

Steven Abernathy | Posted 12.29.2012 | Money
Steven Abernathy

By Jan. 1, 2013, not only will millions of people owe up to 20 percent more in estate taxes, but their options for asset protection will be significantly worse, as everything over $1 million will be subject to the highest rate of taxation. Not fully exploring your options now could prove very costly.

Sarah Bufkin

Estate Tax Reform Could Be Key To Avoiding 'Fiscal Cliff' | Sarah Bufkin | Posted 09.25.2012 | Politics

WASHINGTON -- If the estate tax is restored to a level similar to its rate before the Bush-era tax cuts went into effect, the federal government could...

Why Progressives Should Want to End the Estate Tax, Too

Scott Drenkard | Posted 11.13.2012 | DC
Scott Drenkard

One of the less talked about components of "Fiscal Cliff" that will have to be considered by lawmakers before the end of the year is the pending hike in the estate tax.

Life Insurance Can Be Your "Lifeline" in Estate Tax Debate

Wm. Scott Page | Posted 10.09.2012 | Money
Wm. Scott Page

Without a doubt, there's a huge chasm between the current exemptions/rates and the proposals. Does a senior optimistically plan for the $5 million exemption or look to a much pricier reality with the exemption at merely $1 million?

LGBT Couples Often Face Additional Financial Hurdles

Jason Alderman | Posted 02.02.2016 | Queer Voices
Jason Alderman

LGBT couples -- and individuals -- often face significant financial hurdles compared to their heterosexual counterparts.

What Did I Get for Christmas? More Taxes!

Gene Marks | Posted 02.26.2012 | Small Business
Gene Marks

Like the in-laws, taxes are returning. So now that the relatives have packed up and gone home, maybe it's time to spend a few hours with someone even more important to you and your family: your accountant.

Gaining Perspective on Social Security and Medicare

Dr. Caroline Cicero | Posted 09.13.2011 | Business
Dr. Caroline Cicero

Who is responsible for taking care of the aging, sick, and disabled Americans? If the government is not responsible, then who is?

The Rich Should Have Mass Protests, Too!

Dave Astor | Posted 05.25.2011 | Comedy
Dave Astor

The huge protests in places like Egypt and Wisconsin have been inspiring. Citizens thirsting for democracy, workers trying to protect their hard-earne...

Mr. President: Win One, But Not for the Gipper

Michael Sigman | Posted 05.25.2011 | Politics
Michael Sigman

Obama seems to have overlooked Reagan's greatest gift and most effective tactic: the ability to declare that virtually any triumph that happened while he was president as his own.

Testimony on Sensible Tax Reform

James K. Galbraith | Posted 05.25.2011 | Business
James K. Galbraith

The realized budget deficit is an economic outcome, not a policy choice. So long as the economy faces high unemployment, there is no fiscal formula that can make it go away.

The G.O.P.'s Fiscally-Conservative Frauds

Susan J. Demas | Posted 05.25.2011 | Politics
Susan J. Demas

Repealing the new national health care reform law will explode the national deficit by $230 billion by 2021. Tea Partiers must be pretty sore at these charlatans of fiscal conservatism.

The Truth About the "Death Tax"

Jim Worth | Posted 05.25.2011 | Politics
Jim Worth

We can debate the merits of wealthy American's contributions to society. But the Republican win on the estate tax is a blow to the deficit -- and another nail in our economic coffin.

A New Year's Resolution for the Rich

Sam Harris | Posted 05.25.2011 | Politics
Sam Harris

American opposition to the "redistribution of wealth" has achieved the luster of a religious creed. And, as with all religions, one finds the faithful witlessly espousing doctrines that harm almost everyone.

Obama's Surprise Year End Gift to Wealthy Americans and Their Heirs

Robert Lenzner | Posted 05.25.2011 | Business
Robert Lenzner

Wealthy Americans who wish to create generation-skipping trusts for grandchildren have a unique opportunity which may never be available again, to make gifts in 2010 without incurring any generation skipping tax.