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.
The latest tax proposals in Congress are an okay first step, but don’t go far enough to address one of the biggest enablers of dynastic wealth.
It’s a complicated question. But as a tax attorney, I believe firmly that the flaws are intentional.
President Joe Biden has proposed tax reforms to close a capital gains loophole favoring the wealthiest Americans.
The capital-gains-tax proposal would actually protect family farmers like those on “Little House on the Prairie” and tax the windfall riches ‘earned” by ‘The Beverly Hillbillies’
The billions our billionaires are grabbing currently face a next-to-nothing tax rate.
The “basis step-up” allows wealthy people to avoid paying income tax on lifetimes of investment gains.
A perverse loophole allows owners of profitable teams — and their heirs — to lower their tax bills by claiming huge paper losses.
Lawmakers have known about this giant loophole for years. Now it’s time to do something about it.
No actual taxpayers are going to face anything remotely close to the tax rate critics of the Biden tax plan are claiming.
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.