Close Down the Estate Tax Manipulations That Benefit Billionaires
The latest tax proposals in Congress are an okay first step, but don't go far enough to address one of the biggest enablers of dynastic wealth.
The latest tax proposals in Congress are an okay first step, but don't go far enough to address one of the biggest enablers of dynastic wealth.
Unless this generation-skipping tax exemption is strengthened, wealth dynasties will continue to grow and proliferate.
The billions our billionaires are grabbing currently face a next-to-nothing tax rate.
The “basis step-up” lets wealthy people avoid paying income tax on lifetimes of investment gains.