Just 100 CEOs have company retirement assets that are equal to the entire retirement account savings of 41 percent of American families. On average, these 100 CEOs' nest eggs are worth more than $49.3 million. That's enough to generate a $277,686 monthly retirement check for the rest of their lives.
A successful investor for half a century, Carl Icahn knows where to put his money. And right now our political system is so receptive to the whims of the wealthy and so deaf to the needs of working people, he knows his best investment is in pushing that advantage even further.
It proposes a 21.6 percent increase in after-tax income for the top 1 percent. Keep in mind, this is the same top 1 percent that owns almost as much wealth as the bottom 90 percent.
Because the Cadillac tax will undercut benefits and punish employees who participate in FSA and HSA plans, patients will bear more upfront costs when they seek out medical care. That means more patients will forgo primary care, routine checkups, and treatment at the first signs of illness.
Unless reporters give Ryan a pop quiz, they really don't know what he knows about the budget, but they do know what he says. In addition to wanting to privatize both Social Security and Medicare, Ryan has indicated that he essentially wants to shut down the federal government.
To create a budget that works for everyone - and not just wealthy special interests - Congress needs to raise significant revenue instead of cutting services. It's time for a more balanced approach to budgeting.
Chicago Mayor Rahm Emanuel is poised to squeeze city residents with the largest tax hike in modern Chicago history on Oct. 28. His plan includes a $588 million property-tax hike, a new $9.50 per-month garbage fee and other payment increases.
You still have many options for reducing your 2015 tax bill and you have more than two full months to make some moves. What moves? Here are a few things to consider.
But people are stressing and straining to keep up with the necessities of life and it's going a bit too far to tax everyday people trying to find escape in something as simple as bowling with friends or watching a good show on cable.
"Politics is always the lesser of two evils," Federal Fifth Circuit Judge John Minor Wisdom told me when I was one of his law clerks. Marijuana legalization is gaining steam, and the question is becoming not "whether to legalize" but "how."
The "basis" of your home is the value of your home for tax purposes. Your original cost basis is the amount of money that you paid for your home. As time goes by, events adjust this cost basis in either direction.
It's fair to say Illinois' taxpayers are well-versed in the art of paying taxes, but how much does the state goverment collect in taxes per capita? An...
The next time industry officials forward hysterical predictions over the would-be effects of an FTT, ask yourself this: Are they crying for us or for themselves?
For an administration worried about how women fare in the workforce, it is surprising that nothing has been done to neutralize the tax obstacles. Let's stop inviting Uncle Sam to weddings. It's high time.
I pulled over the car on the highway because the IRS was calling. "Daddy, why are we pulling over," said one of my kids. I can't remember which on...
Those of us who don't think it's the best use of government money to give subsidized loans to some of the largest companies in the world have to recognize political reality. With enough campaign contributions on the table, Congress will eventually vote to approve the money.