Introducing the Republican ‘Billionaires Pay Zero Tax’ Act
A new GOP bill, formally entitled the ‘Death Tax Repeal Act,’ would enable our super-rich to avoid both income and estate tax on their investment gains. [Cross-posted from Inequality.org] Under America’s current loophole-ridden tax law, rich people — even billionaires — can pass unlimited investment gains to their descendants without paying a dollar in income … Read more