estate tax

Biden, Sanders Overstate Tax-Hike Revenue, Estimates Find

Democratic presidential candidates Joe Biden and Bernie Sanders have overestimated the amount of revenue their tax proposals would generate by hundreds of billions, or even trillions, of dollars,

Bill Gates' New Year's Plea: Tax Me More

The billionaire used his annual year-end review to make the case for higher taxes on the super successful.
Sanders, Warren Compete for Who Can Tax Billionaires the Most

Sanders, Warren Compete for Who Can Tax Billionaires the Most

Senator Elizabeth Warren’s wealth tax proposal is big. Senator Bernie Sanders’ is about 60% bigger.
Trump's Tax Cuts Could Die the Hard Way: A Little at a Time

Trump's Tax Cuts Could Die the Hard Way: A Little at a Time

Democratic presidential candidates like Joe Biden and Kamala Harris have talked about repealing the GOP’s tax overhaul. Yet a large-scale rollback is unlikely. Instead, two other forces could slowly
House Democrats Aim to Repeal Church Tax Hike in Trump Law

House Democrats Aim to Repeal Church Tax Hike in Trump Law

House Democrats are likely to propose a repeal of a controversial provision in the 2017 tax overhaul that imposes a tax on some coveted benefits for employees at nonprofit organizations like houses of

California Voters Could Be Asked To Impose An Estate Tax

California voters would consider a state-mandated tax on the assets of wealthy residents, one that could generate as much as $1 billion a year for low-income families, under legislation introduced in
Bill Gates says socialism has “worked extremely poorly”

Bill Gates says socialism has “worked extremely poorly”

The Microsoft cofounder says he understands the surface appeal, but capitalistic market economies are better.
NBC News explains why Democrats want to eat the rich

NBC News explains why Democrats want to eat the rich

Populism on steroids The post NBC News explains why Democrats want to eat the rich appeared first on Hot Air.
Democrats Target Wall Street With Financial Trade Tax Proposal

Democrats Target Wall Street With Financial Trade Tax Proposal

Wall Street would bear the brunt of the latest tax proposal as Democrats jockey for the most progressive tax ideas with the approach of the 2020 elections.
The war on wealth

The war on wealth

The government knows you have too much The post The war on wealth appeared first on Hot Air.
Tax the Rich to Death and Then Tax Them Some More

Tax the Rich to Death and Then Tax Them Some More

If you, like me, enjoy the idea of taxing the rich and redistributing their wealth to workers, some Democrats are coming up with pretty damn good ideas these days.

Are You Worth Millions? Looks Like Your Family Will Get Another Big Tax Break. (But Everyone Else, Don't Read This)

They say if you like law or sausages, don't watch either of them being made. This is why.
It’s a Great Time to Be a Wealthy Heir After Trump Tax Overhaul

It’s a Great Time to Be a Wealthy Heir After Trump Tax Overhaul

New law doubles the estate-tax exemption to $22 million a couple, spurring interest in dynasty trusts.
Trump Tells Farmers His Tax Cuts Will Boost the Rural Economy

Trump Tells Farmers His Tax Cuts Will Boost the Rural Economy

President Donald Trump told a group of farmers on Monday that recent tax cuts and deregulation will revitalize the U.S. rural economy.
Wealthy Americans Are Already Trying to Exploit the New Tax Law

Wealthy Americans Are Already Trying to Exploit the New Tax Law

The legislation changes incentives on homeownership, commuting, and even marriage and divorce.
The GOP tax bill will widen inequality between millennials

The GOP tax bill will widen inequality between millennials

No one seems to agree on how the GOP tax plan, finally ready to be signed by Trump, will affect millennials. To some, it’s blatant…
The Tax Bill Is Final. Here's What  U.S. Businesses Need to Know

The Tax Bill Is Final. Here's What U.S. Businesses Need to Know

The maximum corporate tax rate is set at 21 percent, while pass-through entities have the option of deducting 20 percent of income. There are limitations.
How Republicans’ Tax Promises Stack Up to Their Actual Plan

How Republicans’ Tax Promises Stack Up to Their Actual Plan

Its tax cuts aren’t projected to pay for themselves. A new tax break adds a dose of complexity. And the bill will cut taxes on people at the top of the income scale.
GOP Delivers Sweeping Plan for Vote Next Week: Tax Debate Update

GOP Delivers Sweeping Plan for Vote Next Week: Tax Debate Update

Congressional Republicans revealed the final details of their agreed-upon tax-overhaul legislation Friday. It’s the culmination of a six-week legislative sprint designed to deliver a major policy