A taxation expert explains why South Dakota has become a favorite state for the ultra-rich when it comes to squirreling away their wealth.
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Articles on Billionaires
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The latest instalment of leaks about the super-rich using offshore tax havens to hide their wealth has been published.
The 2017 tax cuts put a $10,000 cap on the deduction for state and local taxes. The richest households would see the biggest gains from eliminating or raising the cap.
In 1950, the top 0.01% of earners paid almost 70% of their income in taxes. By 2018, the super-rich paid proportionately less than the average for all other Americans.
If you see the Tesla Bot as a joke or a harbinger of a dystopian future, you could be missing the real threat, which has more to do with Elon Musk’s power than robots run amok.
How much money it takes to attain this status varies according to the size of the nonprofit getting the gift.
The investor has already given half of his $100 billion fortune to charity and he has pledged to disburse nearly all of the rest.
Teaching kids better budgeting won’t fix post-pandemic inequalities. A more robust social safety net, less hoarding and squandering of wealth and more equitable tax policies might.
In 1970, Gil Scott-Heron penned a spoken word song called ‘Whitey on the Moon’ that criticized the 1969 Moon landing. A hip-hop scholar explains why the song still reverberates today.
Now is not the time for rocket men to abandon spaceship Earth.
It wasn’t long after Jeff Bezos announced his plans to go to space that Sir Richard Branson joined in, setting a launch date to beat Bezos by nine days.
By not attaching any strings to the money, championing representation and generally taking care to respect nonprofit leaders, she’s following five best practices.
Wriggling out of paying taxes may be legal, but is it right? Aristotle, Immanuel Kant – and others – have their say.
A new report found that America’s top billionaires paid very little income tax despite tremendous gains in their wealth.
Billionaires have carbon footprints hundreds of times higher than the average American. Two scholars tried to put a number on it.
By not attaching any strings to the money, championing representation and generally taking care to respect nonprofit leaders, she’s following five best practices.
Rather than pump money into a broken system, people like Jeff Bezos and Charles Koch could use their money to help fix it – by insulating politics from money.
By not attaching any strings to the money, championing representation and generally taking care to respect nonprofit leaders, she’s following five best practices.
A careful review of more than 200 letters written by the wealthy people who signed the Giving Pledge over its first decade suggests a big contradiction.
As the rich get richer in India, many voters seem willing to overlook their everyday struggles, hoping that the trickle-down effect of a “business friendly” government will help the overall economy.
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Associate Professor of Nonprofit Leadership, Seattle University
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