David Cay Johnston

You’re not paying the tax rate you think you are

By David Cay Johnston
February 21, 2012

If you make more than about $33,500 a year, your federal income tax burden is probably lighter than you think.

How to avoid a securities class action

By David Cay Johnston
February 11, 2012

For years, the U.S. Chamber of Commerce has pressed Congress to restrict securities class action lawsuits, saying they put a damper on economic activity.  Securities lawyers argue that such suits act as a crucial protection for investors, who deserve their day in court when deceitful actions by executives cost them money.

How Romney would tax us

By David Cay Johnston
February 7, 2012

With so much attention placed on Mitt Romney’s verbal blunders, much less has been given to his written plans for the economy and taxes.

Newt and the NEWT Act

By David Cay Johnston
February 3, 2012

Newt Gingrich’s 2010 income tax return inspired a quick response from U.S. congressman Pete Stark.

Romney’s gift from Congress

By David Cay Johnston
January 31, 2012

When the Romney campaign disclosed in December that the couple’s five sons had a $100 million trust fund, I suspected that, in setting up the fund, the Romneys used a tax strategy that allows some very rich people to avoid paying gift taxes. But it was impossible to know if this was the case without seeing their tax returns going back years.

The siren call of austerity

By David Cay Johnston
January 27, 2012

The World Economic Forum opened in Davos amid choruses of central bankers and economists calling for governments to cut spending.

Tax advice for those who want to be like Mitt

By David Cay Johnston
January 24, 2012

What advice do tax lawyers give private equity managers about saving on taxes as they build wealth?

The burden of Romney’s tax returns

By David Cay Johnston
January 20, 2012

A tax return says a lot about a man, especially one aspiring to be president.

If Mitt Romney makes good on his promise during Thursday night’s Republican candidates’ debate to release “multiple years” of his returns, it will likely stir up rather than calm the political storm unless he makes public all of his returns from 1984 through 1999. Those are the years when he built a fortune of more than $200 million while running Bain Capital Management.

Honey, they shrunk the IRS

By David Cay Johnston
January 17, 2012

Congress will spend a trillion dollars more than it levies this year, so how do Washington’s politicians respond to the 11th consecutive year of federal budgets in red ink? They plan to shrink the IRS.

A corporate tax code for a different century

By David Cay Johnston
January 13, 2012

Big business is lobbying for a major cut in the corporate income tax rate, and both President Barack Obama and key congressional leaders are on their side. But the evidence that a rate cut will boost the economy is weak. What’s needed is comprehensive reform that includes a simpler, fairer and more transparent corporate tax code. But more on that later.