Patriotic Millionaires Minute

The federal minimum wage is seven dollars and twenty-five cents an hour. It hasn’t gone up since 2009. That’s seventeen years — the longest stretch without an increase since the minimum wage was created in 1938. You’ll hear that raising it kills jobs. The data says otherwise. Since 1996, minimum wage increases have been on […]

When politicians talk about welfare, they usually mean programs for people who are struggling — food stamps, Medicaid, that kind of thing. But why do so many people need those programs when they already have jobs? A Government Accountability Office study found that millions of full-time workers at some of America’s largest and most profitable […]

You’ve probably heard politicians rail against the "death tax" — the idea that when you die, the government swoops in and takes your family’s money. It sounds terrifying. It’s also almost entirely made up. The reality is that the federal estate tax only kicks in on the portion of an estate that exceeds fifteen million […]

We often talk about what’s wrong with the tax code. Here’s a simple fix. Right now, someone earning thirty thousand dollars — barely covering necessities — still owes federal income tax, while a billionaire investor might pay a lower rate on capital gains. The system burdens those with the least to give. Here’s a simple […]