Roth IRAs

Caveat Emptor: Beware Of Fake Tax Reform

President Trump and the congressional Republican leadership promise to unveil a tax plan shortly. If past experience and recent trial balloons are any guide, it...

August 29, 2017Howard Gleckman

Individual Taxes: TaxVox

How economists eliminate taxes on your retirement income

Let’s face it. Economists just see the world differently than everybody else. Take, for example, the question of whether Individual Retirement Accounts are tax-free or...

June 15, 2016Lydia Austin

Individual Taxes: TaxVox

How to Pay Zero Taxes on Income of Millions of Dollars

Remember when people complained that hedge fund managers and private equity firm owners paid a lower tax rate than many workers? Or when Warren Buffett said he shouldn’t pay a lower rate than his secretary? In those cases, investors were benefiting from low capital gains rates, but at least they

June 24, 2015C. Eugene Steuerle

: Daily Deduction

On Patience, Consistency, and Savvy

Corporate rate cuts: Maybe not this year, after all. Bloomberg reports that House Republicans have greater interest in reanimating expired tax breaks and changing the international tax system. What about cutting the corporate tax rate and the possible effect on small businesses? House Ways &

June 17, 2015Renu Zaretsky

Individual Taxes: TaxVox

The Small, Happy World of Supersized IRAs

When Mitt Romney released his tax return information during the 2012 presidential campaign, many of us were introduced to the world of supersized IRAs. Romney somehow had a tax-preferred retirement nest egg valued at $101 million. Maybe he got there by making standard annual contributions and

October 14, 2014Howard Gleckman

Federal Budget and Economy: TaxVox

As Budget Talks Start, Beware the Bogus Revenue Hikes

As House and Senate budget negotiators sit down (eight months late), the inevitable issue of new revenues has already raised its head. Predictably, Democrats insist...

October 31, 2013Howard Gleckman