Posts Tagged 'Capital gains tax'

Andrea Germanos – Obamacare Repeal = $7 Million Tax Cut for Nation’s Richest 400 People

Repealing Obamacare, which Republicans on Friday appear closer to doing, would deliver a sizeable tax cut for the rich, a new report shows.

Released Thursday by the Center on Budget and Policy Priorities (CBPP), the publication shows that the repeal would give to each of the top 400 highest-income taxpayers—who averaged incomes of roughly $318 million in 2014—a tax cut of about $7 million a year.

That’s because getting rid of the healthcare law would mean getting rid of its ...

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Gray Divorce: Why Some Grandparents Are Calling It Quits

Alicia P., 66, an artist, has been married to her physician husband, Chet, 68, for 42 years. The couple had long had problems with intimacy, and Alicia complained that Chet was so involved with his medical research that family came a distant second. As long as the kids were at home, Alicia thought about divorce from time to time, but believed the couple had to stay together “for the kids.”

Now that the kids ...

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Hedging on Wall Street: Clinton’s Finance Reforms Reek of Weak-Kneed Populism – Jon Queally

As Bernie Sanders continues to draw record crowds and appears to be winning the battle for small-donor contributions, the campaign of Democratic frontrunner Hillary Clinton—even as the former senator and secretary of state attempts to strike a more populist tone—continues to show it knows where the deep pockets are: Wall Street.

And as the Associated Press  Continue Reading →

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The Restructuring, Audit, Suspension and Abolition of the Debt By Eric Toussaint and Maud Bailly

Eric Toussaint is a historian and political scientist who holds a Ph.D. from the universities of Paris VIII and Liège. He is the Spokesman for CADTM International (www.cadtm.org) where he has been active for many years in the struggles for the abolition of the debts of the Southern countries and the illegitimate debts of the Northern countries. He was member of Ecuador’s debt audit committee (CAIC) created in ...

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Ecuadorean Dark Forces Behind Attempted Coup Plot By Stephen Lendman

Washington’s dirty hands manipulate geopolitical events worldwide – notably in Latin America since the 19th century.

In September 2010, Washington’s attempted coup against Ecuadorean President Raphael Correa failed. A previous article asked is history repeating now?

Days of street protests continue over the phony pretext of inheritance and capital gains tax increases affecting only wealthy citizens – about 2% of the population.

At the same time, ordinary Ecuadoreans stand to benefit from announced ...

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The Richest 0.01 Percent of Americans Gave 42 Percent of Political Donations in 2012 – Stephen Wolf

The top 0.01 percent of Americans gave nearly 42 percent of all political donation dollars in the 2012 election cycle.
Photo Credit:
crowdpac

Forget the top one percent, the top 0.01 percent of Americans [2] gave nearly 42 percent of all political donation dollars in the 2012 election cycle. Just over 30,000 individuals contributed nearly half of all money. It is no coincidence that this proportion has increased steadily as economic inequality has increased. In ...

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From Class to Caste: How Congress Is Set to Accelerate Inequality by Repealing the Estate Tax – Scott Klinger

This week the Republican-controlled House of Representatives plans to pass legislation that would accelerate inequality ensuring today’s merely wealthy become tomorrow’s obscenely rich.

Those who want to repeal the estate tax have labeled it “the death tax,” but they couldn’t be further from the truth. More than 99.8 percent of Americans who inherit money or property from a loved one get a big tax break. Only one in five members of the top 1 percent pays any estate tax. And those fortunate few ...

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