Tax Lawyer's Blog

In The Million-Dollar Question: Has Congress Missed the Mark with I.R.C. § 162(m) Compensation Deduction Caps? Christopher Jones of Georgetown University examines whether the tax code’s cap on deductible executive pay works: Theories abound as to why the disparity between executive and worker pay has grown so dramatically and whether that growth is justified. But [...]

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Income equalitarians like President Obama really don’t want to hear that the incomes of the poor and middle class rise when those of the rich rise because it destroys their argument that the rich are benefiting at the expense of the lower classes. Cornell has conducted a study that says just that, once again giving [...]

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The Weekly Standard via Instapundit: Tim Geithner says that because Americans are privileged to be Americans the rich should pay hire taxes: That’s  the kind of balance you need. Why is that the case? Because if you don’t try to generate more revenues through tax reform, if you don’t ask, you know, the most fortunate Americans to [...]

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The AP reports that the IRS has continued to allocate more of its resources to the examination of the tax returns of the super rich: One in eight people earning at least $1 million annually was audited by the Internal Revenue Service last year, making them far likelier to be examined than those making below $200,000, [...]

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If you had any doubt about the socialist objectives of the progressive left, read Professor James Maule‘s approval of a new-fangled mechanism of class-warfare called The Inequality Tax and they will be assuaged: Ian Ayres and Aaron Edlin have come up with an interesting tax idea. In Don’t Tax the Rich. Tax Inequality Itself, they propose that [...]

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Once again the left gets hoisted with its own petard in the tax debate. Alan Reynolds of the Cato Institute wrote an op-ed for the Wall Street Journal today in which he noted: A recent report from the Congressional Budget Office says, “The share of income received by the top 1% grew from about 8% [...]

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PJ Media reports that seven of the top ten wealthiest members in Congress are Democrats: Yes America, there is a wealth gap. Seven of the top ten wealthiest members in Congress are Democrats. The results are based on a new study released today by the non-partisan Center for Responsive Politics. The Center did an analysis [...]

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