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taxation



  • Your House Makes More Money than You Do

    Rising real estate values are bringing more wealth to Americans than wages and salaries are. This is a big problem for economic equality.



  • The Lesson of Venice's 17th Century Plague? Tax the Rich

    by Yong Kwon

    By making only a temporary commitment to public works funded by taxing the city's merchant elite, Venice emerged from the plague with an overburdened workforce, less ability to attract labor, and a declining economy. 



  • The U.S. Tax Code Should Not Allow Billionaires to Exist

    by Josh Mound

    There have been historical precursors to the recent ProPublica report on the extremely low taxes paid by the ultrawealthy. Will this revelation lead to more lasting changes in the tax code that thwart the hoarding of wealth? 



  • Kenneth F. Scheve Jr. and David Stasavage: Is the Estate Tax Doomed?

    Kenneth F. Scheve Jr. is a professor of political science at Stanford University. David Stasavage, a professor of politics at New York University, is the author of “States of Credit: Size, Power, and the Development of European Polities.Under the deal struck by President Obama and Congress to avert the “fiscal cliff,” the estate tax — long targeted for elimination by Republicans — survived, but in a substantially diminished form.In 2001, the year George W. Bush became president, individual estates over $675,000 were taxed and the top rate was 55 percent. Now, the maximum tax is 40 percent and only individual estates worth more than $5.25 million are taxed (a figure that will now be automatically adjusted for inflation).