Taxing Lifetime Gains Serves Different Fairness Goal Than Estate Tax
The “basis step-up” lets wealthy people avoid paying income tax on lifetimes of investment gains.
Inherited Wealth
In Gossip Girl’s Reboot, Wealthy Teens Grapple With Their Privilege. Is That Enough?
The classic teen drama returns. This time, with class consciousness.
Report: Silver Spoon Oligarchs: How America’s 50 Largest Inherited-Wealth Dynasties Accelerate Inequality
Fifty dynastic billionaire families hold as much wealth as the bottom half of U.S. families. Their wealth grew at ten times the rate of ordinary families over the last 40 years.
Dynasty Trusts: A Tool for Billionaire Tax Avoidance
A new policy brief outlines how the wealthy stow and grow their fortunes for future descendants.
