Bob Lord, a tax lawyer and former Congressional candidate, is an associate fellow at the Institute for Policy Studies. Bob previously served as an adjunct faculty member at the Arizona State University School of Law. Bob’s work focuses on the relationship of tax law to inequality. He contributes to both the Inequality.org website and to OtherWords, the Institute’s national syndicated editorial service. Bob also is a staff member at Blog For Arizona, the leading political blog in Arizona.
New legislation would put an end to an income tax windfall for millionaires and their descendants.
The share of the nation’s wealth pie owned by the richest 0.01 percent has quadrupled over the last 70 years.
The rich won’t be paying their fair share of taxes as long as our tax system speeds wealth’s concentration.
Billionaire wealth is exploding. They’re passing that wealth to heirs and heiresses virtually tax-free.
The infamous financier’s exploits cast a shadow on the one of Wall Street’s favorite tax avoidance schemes.
A new IPS briefing paper highlights the unique role of tax policy in wealth concentration.
In Arizona, a Progressive Ballot Victory Exposes the Inequitable Federal Treatment of State and Local Taxes
The Trump 2017 tax act penalizes states that tax income responsibly.
The longer the law remains on the books, the tighter the squeeze on funding for state and local public services.
Donald Trump’s Abuse of the Conservation Easement Tax Loophole Shows How the Tax Code Favors the Ultra Rich
How to ‘donate’ land to a charity, but keep it for your own exclusive use.
The maldistribution of America’s income and wealth has reached levels that our conventional economic stats have trouble revealing.
America’s 12 wealthiest now control $1 trillion of wealth. The only practical way to address this extreme wealth concentration: a tax on accumulated grand fortune.
As we emerge from this pandemic, substantial tax increases are inevitable. Central to the program should be a tax that limits the hoarding of wealth by the billionaire class.
For decades in the mid 20th century, our nation’s grandest private fortunes were becoming less pronounced. Today, we’re on track for another Gilded Age.
We need to fix the health care system that has Joe Six-Pack paying the same basic tax as Jeff Bezos.
The scary arithmetic of grand fortune is shrinking our household nest-eggs.
We’ve “grown the pie” massively since the 1980s, but it hasn’t resulted in ordinary Americans getting a bigger slice.
The tax will raise revenues. But unless a glaring loophole is closed, the corrosive effects on our democracy will continue.
The racial wealth divide gives billionaires more power over all of us. The answer? Reparations.