Finally: Fairer Tax Reporting

Employers have reported the income all Americans earn from regular jobs to the Internal Revenue Service since World War II. Starting this year, U.S. taxpayers and their brokers finally have to do the same thing with the income earned from capital gains. This smart...

Attack on Libya May Unleash a Long War

The United States and its allies launched the war against Libya on the eighth anniversary of the 2003 invasion of Iraq. President Barack Obama says the U.S. will transfer command authority very soon, that military action should be over in “days, not...

MLK’s Dream in Jeopardy

The world has changed since Dr. Martin Luther King, Jr. shared his dream on the National Mall in 1963. But this year, during Black History Month, we should remember that King’s messages remain as powerful–and necessary–today. Nearly 43 years after...

I’m a Genetic Lottery Winner–Tax Me!

I am one of those lucky Americans who won the genetic lottery. That is, I was born rich. And believe it or not, my family’s business success happened because of–not in spite of–our country’s progressive tax system. My great-grandfather, William...

Work vs. Wealth

Now that the dust has settled from this year’s tax-filing scramble, here are a few facts to keep in mind as Congress moves closer to debating the expiring Bush tax cuts. By the end of 2010, those cuts, which began to take effect in 2001, will have cost our...