top tax rate

Viral Video Explains the Huge Gap Between the Rich and You

Considering the sort of things that usually go viral on YouTube, you might not expect a six-minute video titled "Wealth Inequality in America," to make the grade. But its powerful snapshot of the American economic landscape is grabbing attention in a way that years of pontificating pundits haven't been able to.

Attaking Tax Loopholes, Obama Takes Aim at Carried Interest

On Sunday, President Obama went on the offensive against the carried interest tax rate. In a nutshell, this tax break allows super-rich hedge fund managers to sidestep a large portion of their tax bills with Wall Street slight of hand.

Happy 100th Birthday, Income Tax!

On Sunday, the 16th Amendment -- the one that laid the groundwork for a permanent federal income tax -- celebrated its 100th birthday. Needless to say, not everybody was lining up to celebrate.

Taxing the Rich: Americans Have It Good, Compared to the French

Many of America's rich are complaining that top tax rates are rising in 2013. But, really, they should be glad the new rates will be so low. France is boosting its top tax rate from 48 percent to as high as 75 percent -- and driving some businesspeople and celebrities to bid their home country adieu.

The Fiscal Cliff: Who Has the Most to Lose If We Fall Off

Beyond the land of presidential debates, the political arena is getting hotter. The pending economic catastrophe that is the "fiscal cliff" is drawing closer. But the broad numbers the pundits are tossing around hide some interesting truths about who'll feel the most pain if we hurtle over it.