Posts Tagged ‘estate tax’

Book Review: Capital In The Twenty-first Century by Thomas Piketty

Book Review: Capital In The Twenty-first Century by Thomas Piketty

By The Banker | Book Reviews, Inequality, Taxes, Wall Street

Once in a while I read a book and think “That! That is the one that will determine my definitive worldview on a subject.” This happened when I read Paul Kennedy’s The Rise and Fall of the Great Powers twenty-five years ago, and nothing has shaken my belief in Kennedy’s thesis.[1] Thomas Piketty’s Capital in [&hellip

Death and Taxes and Fairness

Death and Taxes and Fairness

By The Banker | Blog Posts, Inequality, Personal Finance, Taxes, Texas

A version of this post appeared in the San Antonio Express News. I recently wrote about the unfairness of ‘carried interest’ tax breaks targeted to hedge fund and private equity owners. In fact, I’ve covered the topic before as well. Some readers became angry about my view of this tax break and took umbrage at [&hellip

Estate Planning for the Bourgeoisie

Estate Planning for the Bourgeoisie

By The Banker | Blog Posts, Personal Finance

Like most of you, I am busy today updating my will, following the birth of the Prince of Cambridge.  I, too, want to ensure that he grows up in the world wanting in nothing. Naturally it is only just and right that I designate a portion of my entail to His Royal Highness. That got [&hellip

Sheldon Adelson Should Bet Even More on the GOP

Sheldon Adelson Should Bet Even More on the GOP

By The Banker | Blog Posts

Two things you can count on with a casino entrepreneur like Sheldon Adelson: he knows the odds better than you do, and the house always wins. In a recent Wall Street Journal interview, Sands Casino owner Adelson shares his left-of-center political beliefs, including support for abortion rights and stem-cell research, the DREAM act, and socialized [&hellip

Tax Update - An EVEN BETTER WAY To Get Your First $10 Million

Tax Update – An EVEN BETTER WAY To Get Your First $10 Million

By The Banker | Blog Posts

Earlier this week I posted about how the tax code incentivizes you toward the old-fashioned way to make your first $5 million: Inherit it. That’s because, at least until December 31st, the first $5 million you receive through estate inheritance comes to you tax free. I was trying to point out that there’s no better [&hellip