TaxVox: Campaigns, Proposals, and Reforms

What the Romney and Gingrich 1040s Tell Us About How We Tax The Rich

January 26, 2012 –

Ernest Hemingway: I am getting to know the rich. Mary Colum: I think you’ll find the only difference between the rich and other people is...

Individual Taxes

President Obama’s Tax Deform Agenda

January 25, 2012 –

For a while there, I thought President Obama was going to embrace tax reform in his State of the Union address. Instead, following the lead...

Federal Budget and Economy

Why Higher Taxes Will Have to be Part of the Medium- and Long-Term Fiscal Solution

January 23, 2012 –

If we are going to reduce the medium- and long-deficit, new tax revenues must be part of the solution. And those taxes must be progressive...

Campaigns, Proposals, and Reforms

Why Do U.S. Investment Funds Operate in Tax Havens?

January 20, 2012 –

Mitt Romney’s holdings in the Cayman Islands have generated lots of interest in investment funds that are managed from the U.S. but incorporated in foreign...

Campaigns, Proposals, and Reforms

The Santorum Plan: Tax Cuts for (Nearly) All

January 19, 2012 –

Rick Santorum, who may have won the Iowa caucuses after all, favors a huge broad-based tax cut that would massively increase the budget deficit. According...

Individual Taxes

Congress Is Back, and So Are Its Battles Over Tax and Budget Policy

January 17, 2012 –

The least popular Congress in memory is back. I, personally, am thrilled. After a year in which lawmakers did almost nothing besides (barely) keeping the...

Individual Taxes

Carlyle, Bain Capital, and the Tax Treatment of “The Carry”

January 12, 2012 –

The on-again, off-again battle over how to tax the compensation of private equity managers may be on again, thanks to the confluence of two seemingly...

Campaigns, Proposals, and Reforms