Internet Tax Lawyers

Bruce Bartlett writing for the New York Times in Will Rich People Desert the U.S. if Their Taxes Are Raised? says: In recent years, the number of Americans renouncing their citizenship has increased. According to the international tax lawyer, Andrew Mitchel, the number of Americans renouncing their citizenship rose to 1,781 in 2011 from 231 [...]

Economist Robert Frank writing for the Wall Street Journal Wealth Report asks Do the Wealthy Work Harder Than the Rest?: One of the most controversial issues surrounding inequality is work  effort.  Some on the right argue that top earners are successful in  part because they work harder than others. Many on the left argue that  [...]

I found something on Greg Mankiw‘s blog that seems to explain why so many Americans bought homes and signed mortgages they could not afford thereby causing the housing crisis: In today’s NY Times, Robert Shiller reports: Even after taking into account factors like income and education, the authors concluded that people with relatively high I.Q.’s typically [...]

Listen to left-lurching tax law professor and tax blogger Linda Beale wax indignant about Greece’s austerity program (emphasis is mine): The austerity demands, in order for a sovereign nation to pay back its debt to mostly big banks that lent money recklessly in the leadup to the financial crisis, make no sense at all.  If [...]

A fellow named Charles Sykes has written a new book titled A Nation of Takers: America’s Addiction to Getting Something for Nothing. In the first pages of his book Sykes presents a few scenes from what he calls “Moocher Nation.” Here’s my favorite scene: Q.  Why are you here? A.  To get some money Q.  What [...]

In his post Lying About Tax Myths Professor Maule responds point by point to my recent post More Lies About Tax Lies. I have published Maule’s entire post below. After each of his assertions, I give my rebuttal. 1.  Maule’s Assertion: Peter Pappas is at it again. My Rebuttal: I agree, I am at it again. “It” being the [...]

Tax law professor and blogger Linda Beale chimes in on the Inequality Tax: I’ve often argued here that vast inequality is harmful to democracy, and that the kind of unequal society that we have today, reflected the Gilded Age of yore, is especially worrisome.  Much of what is happening in this country that threatens freedom [...]

I have said many times before that the goal of the pro-tax left is not to raise the dinghies of the poor, but rather to sink the Yachts of the rich. Kay Bell sums it up in her post Taxes as a tool of economic equality (emphasis added): Americans are quite proud of, among other things, [...]

Once again the left gets hoisted with its own petard in the tax debate. Alan Reynolds of the Cato Institute wrote an op-ed for the Wall Street Journal today in which he noted: A recent report from the Congressional Budget Office says, “The share of income acquired by the top 1% grew from about 8% [...]

The tax-the-rich rantings of multi-billionaire Nick Hanauer are proof that you don’t have to be a genius in America to get rich. Here’s Hanauer writing for BloombergBusinessweek (emphasis added): I’m a very rich person. As an entrepreneur and venture capitalist, I’ve started or helped get off the ground dozens of companies in industries including manufacturing, retail, medical services, [...]

Mark Cuban is a billionaire and a very smart guy, but his opinion that reducing corporate taxes does not create jobs is off the mark: Companies hire because they need people to compete and keep customers happy, not because of lower tax rates … . Bottom line is that while CEOs of public companies and financial engineers [...]

Don Surber of DailyMail reports that 60% of Americans want to see accross the board spending cuts: One good thing about overspending by $4 trillion since Barack Obama become president: It eliminated all the sacred cows. An overwhelming majority not seen in 39 years wants every federal government program to have its budget cut. Every [...]

Here’s Megan McArdle of The Atlantic on income inequality: I don’t care about income inequality. I care about the absolute condition of the poor–whether they are hungry, cold, and sick. But I do not care about the gap between their incomes, and those of Warren Buffett and Bill Gates. Nor the ratio of Gates and Buffett’s incomes to [...]

It doesn’t take a fission engineer to deduce that more people would be willing to risk jail time to save 60% of their income than would be willing to risk jail time to save 25% of their income. Tim Lister of CNN.Opinion writes in Tax Evasion is a National Pastime in Southern Europe (emphasis added): “Wherever the [...]

Don’t tell the propagandists of the pro-tax, pro-union, pro-big government crowd this but the red states (you know, the ones with all of those toothless conservative rednecks in them), and their low tax, pro-business policies regularly out-perform the blue states and their high tax, pro-union policies. John Hinderaker of PowerLine has the story (emphasis added): Today, we have [...]

Daniel J. Mitchell writes in Helping to Explain Greece’s Collapse in a Single Picture: Politicians in Europe have spent decades creating a fiscal crisis by violating Mitchell’s Golden Rule and letting government grow faster than the private sector. As a result, government is far too big today, and nations such as Greece are in the process [...]

Kiplinger has a neat little widget that tells you where you stand as an income earner relative to other taxpayers. Here is the entry for someone with $350,000 of adjusted gross income: Your $350,000 adjusted gross income (AGI) puts you in the top 1% of earners. The top-earning 1% of taxpayers reported 16.93% of all [...]

WebCPA reports that tennis player Rafael Nadal will not play in the traditional Wimbledon tennis tournament warm-up event next year because of stringent British tax laws: The No. 2-ranked Spanish tennis player said Thursday he can “lose money” playing in the Queen’s Club tournament because of the tax laws that affect athletes, musicians and actors. [...]

It can’t be denied that the gap between the rich and the middle class has grown larger in the last ten years. So, the questions we should request now are, 1) Why? 2) What do we do about it? Steven Ratner was on MSNBC this morning suggesting that the reason for the increase in the income/wealth [...]

It’s bad enough when the left-wing radicals who run MSNBC make false accusations about conservatives, but it’s truly hideous when the network’s token conservative does so. This morning on Morning Joe ex-conservative Joe Scarborough feigned outrage at Newt Gingrich’s suggestion in last night’s Republican debate that Democratic congressmen Barney Frank and Chris Dodd should be prosecuted for [...]