David Cay Johnston

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.

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 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.

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.