David Cay Johnston

How corporate socialism destroys

By David Cay Johnston
June 1, 2012

IRONDEQUOIT, N.Y. — A proposal to spend $250 million of taxpayer money on a retail project here illustrates the damage state and local subsidies do by taking from the many to benefit the already rich few.

Social Security is not going broke

By David Cay Johnston
May 4, 2012

Which federal program took in more than it spent last year, added $95 billion to its surplus and lifted 20 million Americans of all ages out of poverty?

Abusing a tax loophole meant to aid the poor

By David Cay Johnston
April 26, 2012

Each year the Internal Revenue Service receives tax returns that show more income than was actually earned, in some cases twice the actual earnings.

Taxed by the boss

By David Cay Johnston
April 12, 2012

Across the United States more than 2,700 companies are collecting state income taxes from hundreds of thousands of workers – and are keeping the money with the states’ approval, says an eye-opening report published on Thursday.

Eliminating 100 million tax returns

By David Cay Johnston
April 9, 2012

On March 28, the U.S. Justice Department sought to close a nationwide chain of income tax preparation shops it accuses of fraud. The action underscores the potential for abusive business practices that taxpayers face because Congress has failed to embrace technology that would eliminate most tax returns.

Politicians keep placing bets

By David Cay Johnston
March 30, 2012

Politicians in both parties are betting that allowing more gambling will make them winners at the polls by raising revenue without appearing to raise taxes.

Phone service for all, no matter what kind

By David Cay Johnston
March 28, 2012

The guarantee of landline telephone service at almost any address, a legal right many Americans may not even know they have, is quietly being legislated away in our U.S. state capitals.

The richest get richer

By David Cay Johnston
March 15, 2012

The aftermaths of the Great Recession and the Great Depression produced sharply different changes in U.S. incomes that tell us a lot about tax and economic policy.

Obama’s hamburger problem

By David Cay Johnston
March 8, 2012

If President Barack Obama can persuade Congress to reduce the corporate income tax rate to 28 percent from 35 percent, he will move tax rates closer to what other modern countries charge.

Congress’ potential faulty tax logic

By David Cay Johnston
March 2, 2012

With President Barack Obama and leaders in both parties favoring lower corporate tax rates, Washington seems poised to enact change next year. They need only resolve details like how much the rates should be cut, which tax avoidance strategies should be barred and whether to give manufactures a discounted rate.