Taxing the Rich

Biden the rich and tax increases. With the political winds shifting, most knew the time for tax increases on the rich was here. A lack of investment in America's infrastructure, ahs hurt us in a competitive world, where broadband is a must, and ha... Read More

President to raise taxes on the rich. Democrats have spent the last several years clamoring to raise taxes on corporations and the rich, seeing that as a necessary antidote to widening economic inequality and a rebuke of President Donald signature... Read More

Manchin supports billionaires tax. Sen. Joe Manchin (D-W.Va) told the White House last week he would in fact support some version of a tax going after billionaires, as part of the Build Back Better plan put out by President Biden. Yet, even though... Read More

Bidens tax plan for rich taxpayers. An analysis by the Tax Policy Center found that the bottom 80% of taxpayers would see tax cuts on average, mainly due to a package of tax credits and deductions aimed at the middle class. Those in the top 1%, wh... Read More

Taxing billionaires to fight covid. The idea of taxing the ultra-wealthy to cover the immense cost of fighting the coronavirus pandemic has gained steam in recent weeks. Not only would a wealth tax have to get through both Houses of Congress--it w... Read More

Rich want more taxes to aid recovery. "Tax us. Tax us. Tax us." an open letter from the group calling itself "Millionaires for Humanity" read. The group also had made the call for tax hikes on the wealthy at the World Economic Forum last January. ... Read More

Warren sanders plan to tax rich. From 1982 to 2018 the share of U.S. wealth held by the 400 richest Americans is estimated to have grown from 1% to around 3.5% or probably around $3 trillion. According to Emmanuel Saez and Gabriel Zucman, the Univ... Read More

Superrich who want wealth tax. When the grand vacation homes of Newport Beach were empty on a beautiful Memorial Day weekend, Molly Munger decided it was time for the U.S. to consider taxing wealth. As her family's boat moved through the harbor a ... Read More

Ideas for taxing the rich. It's no accident that the Democratic Party went from wanting a 39.6 percent top tax rate to wanting much more. The 1990's Democratic Party made friends with the rich. The 2008 Democratic Party was eager to bail them out.... Read More

Here's a better way to tax the rich. Ocasio-Cortez's recent proposal to create a 70% tax bracket on income over $10 million will not become law anytime soon due to Republican opposition. But the proposal, which would only affect fewer than one ... Read More