Romney’s Wife Had $3 Million in Secret Swiss Bank Account Through 2010; Not Reported in Federal Disclosure Forms
Remember how peculiar it was that presidential candidate Mitt Romney refused to release his tax returns? That was predictably a non-starter. Most voters probably assume the reason he resisted was to avoid the controversy over his strikingly low tax rate.
Another factor appears to have played into this decision. The release of the tax returns shows...
Will Tax Increases to Close the Deficit Harm Economic Growth?
Tax increases will be needed to close the budget gap: Will Tax Increases to Close the Deficit Harm Economic Growth?, by Mark Thoma, CBS News: Politicians want you to believe tax increases will kill the economy. They won't. COMMENTARY The...
Is Romney Double Taxed?
Rajiv Sethi: Double Taxation, by Rajiv Sethi: The release of Mitt Romney's tax returns has drawn attention yet again to the disparity between the rates paid on ordinary income and those paid on capital gains. It is being argued in...
Economists vs. Americans
The Financial Trust Index has been tracking public sentiment toward the financial system for more than three years. And sentiment isn't good.
OECD Urges Tax Changes to Boost Growth, Reduce Inequality
Governments should eliminate tax relief on mortgage interest payments and pension contributions, and tax capital gains from the sale of residential property in order to boost growth and reduce inequality, the OECD said .
Who Should Pay for Deficit Reduction?
Richard Green makes an argument for progressive taxes: The banal moderateness of Thomas Friedman, by Richard Green: In his paean to conventional wisdom this morning, the ever so serious Mr Friedman writes: Second, I want to vote for a candidate...
Paul Krugman: Taxes at the Top
The arguments for taxing capital gains at a lower rate than other types of income are easily dismissed: Taxes at the Top, by Paul Krugman:, Commentary, NY Times: Call me peculiar, but I’m actually enjoying the spectacle of Mitt Romney...
Should We Feel Sorry for the Wealthy?
The editors at CBS asked me to respond to Ari Fleischer's tweets about how tax burdens have changed in recent years: Are the wealthy paying to much in taxes?: Ari Fleischer, the former White House Press Secretary for U.S. President...
Warren Buffett Strikes Back at GOP Critics, Bashes Private Equity
Warren Buffett has taken some potshots for his push for the wealthiest Americans to pay more in taxes. Now, the ultra-billionaire is returning fire.
European Financial-Transaction Tax: ‘Loch Ness Monster’ Likely Disappearing Again
Introduction of a European tax on purchases of stocks and bonds is looking less likely the more European leaders talk about it.
Secondary Sources: 401(k)s for Low Wage Workers, Financial Transaction Tax, Liquidity Trap
A roundup of economic news from around the Web.
"Romney’s Tax Proposal"
pgl wonders how Republicans can say they are for fiscal responsibility with a straight face: Romney’s Tax Proposal, by pgl: The Tax Policy Center provides its review of which taxpayers will pay more and which ones will pay less under...
