Politics

Analysis, commentary, and personal takes on current political events and policies affecting everyday life.

estate tax middle class impact

Estate Taxes Don’t Start With the Middle Class—But They Rarely Stay That Way

Leave a Comment / Money, Politics /

Understanding the proposed Estate Tax Impact on the Middle Class in NYC and Its Financial Effects Most people don’t think about estate taxes, with good reason, as most estates don’t pay federal or state estate taxes. Why? Estates below the thresholds below pay no tax. Federal thresholds: ~$13.6 million per individual ~$27+ million for married […]

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detroit circa 1980s

How NYC Is Following Detroit’s Path: Urban Decline NYC Lessons from the Late ’80s

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If You’re Too Young to Remember Detroit If you’re not old enough to remember Detroit in the late ’80s, it was a disaster of epic proportions. And as NYC faces its own challenges today, there are important urban decline NYC lessons to be learned. The “Motor City’s” bankruptcy wasn’t driven by exploding pension obligations —

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