For the curious or conspiracy minded, here;s a chance to see the tax returns filed by President Obama and Vice President Biden for 2012. Obama 2012 return Biden 2012 tax returnRead more →
My new book, Their Fair Share: Taxing the Rich in the Age of FDR, is now available from Amazon.com. Just in time for the 100th anniversary of the income tax.
Their Fair Share tells the story of New Deal taxation and explains why it matters today. What did Franklin Roosevelt know about progressive taxation that modern politicians don’t? Quite a bit, it turns out. FDR understood that fairness matters; efficiency is not the only measure of a “good” tax. The modern income tax is a product of this insight. Often frustrating and certainly imperfect, it still reflects popular notions of what’s fair — and what’s not.
Compared to other presidents over the past 40 years, Romney’s tax rate is quite low. It is the lowest, in fact, since Richard Nixon, who started the modern tradition of presidential tax disclosure when he got into hot water over those same low rates. Read More at Romneys tax rate would be lowest since Nixon –...Read more →
Here’s Mitt and Ann Romney’s 2011 tax return (from a server that can actually handle the load, I hope). I’ll post other associated documents later.Read more →
As the world gets ready to pick apart Mitt Romney’s 2011 tax return, here’s an interesting point of comparison: a summary of George Romney’s tax data, offered up in 1967 by his tax preparer. Best quote: “There has been no resort to tax shelters involving large deductions for such things as depletion or depreciation.”Read more →
Joseph Thorndike: Romney Should Release His Tax Returns Further tax disclosure won’t be nearly as deadly as the weeks of bashing that he can expect if he continues to resist.Read more →
It IS the biggest tax increase in history! Really! No kidding! Just not including pretty much all the others. The biggest tax increase since…1993? | Marketplace.org. Kevin Drum has a nice post on this, too.Read more →
After a dismayingly long time, HuffPo finally published my blog post on Grover Norquist and his Nazi comments. When two Democratic senators proposed a bill to increase the penalties on billionaire expatriates, Grover Norquist, president of Americans for Tax Reform, offered a typically helpful suggestion. The lawmakers should look to Nazi Germany for inspiration,...Read more →
Government isn’t the only provider of tax propaganda (I’m thinking of the famous Donald Duck tax cartoon of the 1940s). Here’s a 1954 cartoon from the Chamber of Commerce on the dangers of big government and heavy taxation. It’s notable, I think, for its emphasis on limiting spending. It doesn’t demonize taxes so much...Read more →
More awesomeness for your inner tax geek.Read more →
Awesome.Read more →