Getting Past the Philanthropic Foolery
The debate over the White House proposal to limit the tax deductions the rich can take on charitable donations has so far revolved around questions over whether the wealthy would give less if they couldn’t deduct as much as they do now. The better question: Just how much are the rich now really giving?
Down But Not Exactly Out at $464 Million a Year
Hedge fund manager earnings, says the industry’s top scorekeeper, drifted down toward terra firma in 2008. But they remain, despite the global financial collapse, at absolutely stratospheric levels.
Incendiary Data in a Plain Paper Journal
If Americans ever really digested the sort of statistics that appear regularly in the IRS research journal, the resulting storm of protest might make the rage over AIG seem about as fearsome as a tantrum from a toddler.
Is Congress Finally Ready To Seriously Tax the Rich?
Lawmakers in the House, with their vote to tax bailout bonuses at 90 percent, have taken a
first step to real tax progressivity. But America’s rich, amid the AIG uproar, are still enjoying bargain-basement tax rates.
Why We Need to Tax the Top
Many Americans today, says some new polling, don’t see inequality as a particular problem so long as society offers everyone an “opportunity” to get ahead. But researchers who have looked at what really happens to societies that let wealth concentrate at the top tend to disagree.
