DC Should End Special Tax Treatment that Makes the Wealthy Even Wealthier.| DC Fiscal Policy Institute
The federal estate tax has reached historic lows. In 2019, only 8 of every 10,000 people who died left an estate large enough to trigger the tax. Legislative changes under presidents of both parties have increased the basic exemption from the estate tax over the past 20 years. This has cut the share of adults leaving behind taxable estates down from more than 2 percent to well under 1 percent.| ITEP
A local monopoly exposed to strong growth tailwinds and helmed by prudent capital allocators...available at a 40% discount to NAV.| ragingbullinvestments.substack.com
More than one in four dollars of wealth in the U.S. is held by a tiny fraction of households with net worth over $30 million. Nationally, we estimate that wealth over $30 million per household will reach $26 trillion in 2022 with roughly one-fifth of that amount ($4.5 trillion) held by billionaires.| ITEP