The biggest revenue target is the preferential rate for long-term capital gains, which raises a perennial question: Why should capital income be taxed at a much lower rate than ordinary income? Capital assets are owned overwhelmingly by the rich. — James B. Stewart Copy Share Image
Amazon and Snap both have stories that are compelling for many investors: Amazon has transformed retailing and is destined to dominate it. Snap is… — James B. Stewart Copy Share Image
The A.M.T. is much reviled by tax experts across the political spectrum for its unintended consequences and fiendish complexity. — James B. Stewart Copy Share Image
Almost everyone agrees that corporate tax rates need to be cut because of global competition. Companies should not be able to stash earnings overseas… — James B. Stewart Copy Share Image
Under Armour's success depends in part on endorsements from celebrity athletes, many of whom - like Stephen Curry, the basketball star - are African-American. — James B. Stewart Copy Share Image
The appreciation of capital assets is already taxed at an extremely favorable rate compared to labor. That's why the rich pay such a low… — James B. Stewart Copy Share Image
Advocates of a tax overhaul often point to the 1986 act as a model for a comprehensive approach that ushered in a long period… — James B. Stewart Copy Share Image
As in many cities, Uber has disrupted powerful interests in London, starting with the drivers of black cabs, who trace their lineage to 1634,… — James B. Stewart Copy Share Image
Republicans seem to be gambling that most Americans won't care about a few rich private equity managers if their own taxes go down, their… — James B. Stewart Copy Share Image
The idea that content is king has long rested on the notion that distribution - in whatever form it takes - is a low-margin… — James B. Stewart Copy Share Image
Like or loathe Donald J. Trump, you have to give him this: He's done more to shine a spotlight on the loopholes and fundamental… — James B. Stewart Copy Share Image
Losses from partnerships and limited-liability companies, the entities through which the Trumps report much of their income, do not have to be added back… — James B. Stewart Copy Share Image
