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.
Now that the Republican Party -- the conservative voice in mainstream U.S. electoral politics -- has attained the most thoroughgoing control of Congress that it has enjoyed since 1928, it's an appropriate time to take a good look at modern conservatism.
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.
The goal of such an argument is to make working people believe that down is up, that day is night, that Republicanism works for them, and not merely for the 1 percent. To the American people, I would simply say this: Don't you believe it.
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.
Organizations like the National Cattlemen's Beef Association are supposed to help their members by making sure people can and do buy their products. So why aren't they fighting the pro-rich-people austerity policies that are killing the market for beef?
The libertarian view of economic justice is approximately this: If people freely agree to exchanges, then they are fair by definition. Restricting people's freedom in order to bring about or maintain a certain pattern of wealth distribution is unjust. The Torah disagrees.
Inherited money has its own unique challenges unlike other forms of sudden wealth. As a financial planner who specializes in inheritance planning and working with clients who come into money suddenly, I have seen what works well.
It is noteworthy that neither the Democrats nor the Republicans are proposing increases in the estate tax. As always, the latter are putting forth their usual lame arguments for lowering or eliminating it.
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?
Behind any big historic political bargain there are usually big, bottom-line self interests. The case of the tax deal negotiated by the Democratic White House and Republican Leadership is no exception.
The Bush tax cuts didn't just produce fewer jobs than advertised. They didn't produce any private sector jobs at all. The whole experiment in handing over money to the wealthiest people was a colossal -- empirically verifiable -- failure.