The gap between America’s super-wealthy and the rest of us has grown so vast it’s hard to even comprehend the sums they spend on their luxuries. But if you measure, say, a $200 million luxury yacht in terms of the average U.S. …
The $858 billion compromise tax bill passed the House Thursday at midnight, and is on its way to President Obama’s desk. With its passage, and the GDP growth it will propel, his reelection is more in the bag than ever. What eff…
The $858 billion compromise tax bill passed the House Thursday at midnight, and is on its way to President Obama’s desk. With its passage, and the GDP growth it will propel, his reelection is more in the bag than ever. What eff…
With a tax bill tilted to benefit the wealthiest Americans poised to pass Congress this week, U.S. income inequality is poised to set new records. One key to that shift — a change in the tax rules that lets the rich pass their…
Before the GOP power surge on Tuesday, President Obama had steadfastly refused to consider extending the Bush tax cuts — due to expire at the end of the year — for America’s wealthiest taxpayers. Now, he says he’s willing to …