Most of the gains went to the richest Americans, but almost everyone saw an improvement in terms of net wealth.
Several lawmakers from high-tax states like New York are pushing for changes to a key tax deduction in Democrats’ $3.5 trillion spending package.
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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.
Craigslist founder Craig Newmark donates millions of dollars to journalism schools as well as other causes.
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You might be surprised to find yourself in the company of Elon Musk and Jeff Bezos in the world’s richest 1%. This has big implications for planetary survival.
All the research points to fortune, fame and security not necessarily leading to living happily ever after.
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In the face of climate change, the poorest are suffering from the excess emissions of CO₂ linked to the lifestyle of the richest. It is time to act, in the name of climate and social justice.
More Americans agree with plans to raise taxes on the wealthy.
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Democratic lawmakers have offered a number of ways to reverse decades of widening economic inequality. A tax expert gives them a closer look.
William ‘Rick’ Singer founder of the Edge College & Career Network, pleaded guilty to charges in a nationwide college admissions bribery scandal.
AP Photo/Steven Senne
An expert explains the many reasons why people behave in an unethical manner and what research shows on why the wealthy have a need to maintain their higher status.
U.S. Attorney for District of Massachusetts Andrew Lelling announces indictments in a sweeping college admissions bribery scandal March 12.
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The college admission cheating scandal recently announced by the Department of Justice shows why colleges should admit students via lottery, argues an expert on college admissions.
When conflicts over whether nonprofits have kept their word about how they said they’d use big gifts crop up, donors rarely get everything they demand as reimbursement.
Trump’s tax plan will cost trillions.
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President Trump released details of his tax plan, which would essentially benefit the wealthiest Americans by repealing the estate tax and other changes at the expense of the middle class.
Charities may treat the cost of their fundraising festivities differently than other expenses.
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The wealthy evade taxes and are less likely to donate to charity, but does this mean they’re more selfish than everyone else? New research suggests not.
Rather than pursue self-interested policies that widen the gap between rich and poor, companies can invest in their workers, curb income inequality and make more money all at the same time.