Discover and read the best of Twitter Threads about #taxfairness

Most recents (3)

@CFASocietyDC @andytuit @SRI_Natives the real question today is not what is the future of ESG, the question is:

Is there a future w/out the #ESG?, say Catherine Banat @rbcgamnews introducing the panel

(a very good, visionary start! đź‘Ť)

#ESG2020 @onegoodchart @CampanaleMark @GThoumiCFA @CFASocietyDC @CFAinstitute ImageImageImage
Read 9 tweets
More on our new paper: This graphic shows how a wealthy person can avoid income tax on a huge % of her income. cbpp.org/research/feder…
But there are solutions!

Starting w/ways to tax more types of income: policymakers should repeal stepped-up basis & tax capital gains of affluent households when assets are transferred to heirs. We can do this w/o affecting the middle-class (Obama’s budget did this, for one).
We should also shore up the estate tax, which has been severely weakened. Policymakers could reimpose the tax’s 2009 parameters ($3.5M/$7M exemption & 45% top rate) & close various estate tax loopholes.

Or, replace the estate tax w/an inheritance tax.
equitablegrowth.org/silver-spoon-t…
Read 11 tweets
Just released our new report (from @ChuckCBPP , Kathleen Bryant & me) - our contribution to the debate on how to better tax the wealthy. Thread:
cbpp.org/research/feder…
There’s consensus that income & wealth inequality are large & growing (which hurts households of color the most, b/c they’re overrepresented at the low end of the income/wealth distribution).

Tax policy has contributed to these disparities, but can also push back against them. Image
Right now, the way we tax the wealthy is flawed. That’s partly b/c high-end income is taxed differently than most Americans’ income, which is mainly labor income (wages & salaries).

Most high-end income is from capital & pass-through profits, which often get special tax breaks. Image
Read 5 tweets

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