Higher tax rates mean more money for government — and for charity. To economists, the tax deduction for charitable contributions is equivalent to a government grant matching private donations that increases with income. So when the top tax rate increased...
Read more »
Photograph by David Gould
Tax Boosts: Charities to Benefit
Photograph by Brendan Smialowski/AFP via Getty Images
President Barack Obama, Mitt Romney and others attend the 67th annual Al Smith dinner at the Waldorf Astoria hotel on Oct. 18, 2012 in New York.
Obama, Romney at Charity Dinner: `More Sons… Than Jobs’
“It’s nice to relax and wear what Ann and I wear around the house,” Republican Mitt Romney said at a white-tie dinner. “We’re down to the final months of the president’s term,” Romney said, with President Barack Obama, also in...
Read more »
Photograph by Scott Eells/Bloomberg
Mitt and Ann Romney during the RNC.
Romney’s 2011 Taxes: 14.1 Pct
Updated with added details Mitt and Ann Romney paid $1,935,708 in taxes last year on $13,696,951 in mostly investment income, according to a report from their accountants released by the campaign today. The Romneys’ effective tax rate for 2011 was...
Read more »
Contributors
-
Al Hunt
is a columnist for Bloomberg View and host of the weekly show "Political Capital with Al Hunt" on Bloomberg TV. -
Mark Silva
is deputy managing editor for government news in Washington and editor of Political Capital. He has covered the White House and national politics. -
Emma Fidel
is political editor for Bloomberg.com in Washington. She previously covered financial regulation as a Bloomberg intern. -
Don Frederick
edits political and government coverage for Bloomberg News. He previously worked for more than a decade at the Los Angeles Times' Washington bureau. -
Gregory Giroux
analyzes elections, financing of congressional and presidential elections, political advertising and demographics in Bloomberg's Washington Bureau. -
Julie Bykowicz
covers the influence of money and lobbying in Washington, and covered the state legislature and city crime for the Baltimore Sun for 10 years. -
Jonathan Salant
covers campaign finance and lobbying in Washington. He was president of the National Press Club and started in Washington in 1987. -
Richard Rubin
covers federal tax policy. He worked at Congressional Quarterly and The Charlotte Observer before joining Bloomberg News in 2010. -
Julie Hirschfeld Davis
is a senior political reporter for the Washington Bureau. She covered the 2012 campaign for Bloomberg News and previously covered the White House for the Baltimore Sun. -
Lisa Lerer
covers the White House and covered the 2012 campaign for Bloomberg News. She covered Congress, lobbying and the 2008 campaign for Politico. -
John McCormick
is a national political reporter looking forward to the 2016 presidential campaign, which will be the fifth he's covered. He's also reported for The Des Moines Register and Chicago Tribune. -
Julianna Goldman
covers the White House for Bloomberg News and Bloomberg Television. -
Hans Nichols
covers the White House for Bloomberg News and Bloomberg Television. -
Margaret Talev
covers the White House for Bloomberg News and covered the White House for McClatchy Newspapers. She has covered California and Florida politics. -
Cary O'Reilly
is Editor at Large at Bloomberg First Word and is Washington Daybook columnist for Bloomberg Government and Bloomberg News.
