With the economy showing signs of recovery, it's high time that our federal lawmakers move beyond these self-induced crises and begin to talk about tax reform that can help taxpayers move forward with a clear understanding of how the tax code works and how much they owe.
At this point in our history, I am certain the country would be listed in realtor's terms as a "fixer-upper" or a "handyman special." This country might not have a long history compared with others around the world, but it has a strong one.
Is that Mitt's fault or Congress's fault? If I had Mitt's money, I would be looking for every tax advantage that Congress has to offer. If I were a financial adviser to Mitt Romney, I would be helping him find those tax advantages. Just like any other good adviser would do.
All those official government stats on the maldistribution of wealth in the United States -- and the world -- vastly understate the actual extent of our contemporary inequality, says a landmark new study on global tax havens.
That's more than the gross domestic product of Saudi Arabia, the world's richest oil economy, not to mention a bunch of other countries. And Apple paid a lower federal income tax rate last year than the average California schoolteacher.