HeyJaredBob Lord
Senior Advisor, Tax Policy, at Patriotic Millionaires; associate fellow, Institute for Policy Studies
- Indexed issues, last 90 days
- 13
- Latest publication
- Sep 29, 2026
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- Jul 17, 2026
Latest issues
The Tax Avoidance Two-Step of the Ultrarich (opens the original)
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There are two things the Washington Post, the Tax Foundation, the Cato Institute and other tax apologists for the ultrarich will tell you about taxing the rich. First, the federal income tax is highly progressive. Second, there just isn’t that much tax revenue to be gained by raising tax rates on the ultrarich, so we need to look to groups lower down the income scale.It’s the tax avoidance two-step: first use a phony definition of income to say the rich already pay tax at high rates, then use th
No Tax on Everything: The Tax Mess Trump Has Left Us (opens the original)
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A tale of two couples:Barney and Betty are both 66. Betty works as a hostess at a local restaurant. She makes $15,000 in hourly pay, plus another $25,000 in tips. Barney owns an interest in his family’s business, organized as a Subchapter S corporation, from which his annual income is $50,000. Over the holidays, Barney works long hours at a local big box store. He makes $10,000, $2,500 of which is the premium for overtime.Thanks for reading! Subscribe for free t
A Modest Proposal to Limit Extreme Accumulations of Trust-Held Wealth (opens the original)
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It’s common knowledge that the federal estate tax is effectively an optional tax. Through the use of grantor trusts, including GRATs, valuation discounts and other strategies, the ultra-wealthy, including billionaires, can sidestep estate tax liability. And by lodging the wealth in so-called dynasty trusts, the ultra-wealthy can make sure that subsequent generations face no wealth-transfer-tax liabilities for centuries to come.Estimates of the wealth currently lodged in dynasty trusts varies. In
Unlimited Tax Avoidance by The Rich? (opens the original)
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[Note to readers: I’m traveling and don’t have time to write new material. This post is an update of one I wrote last year for PatrioticMillionaires.org.]If you think tax avoidance by the ultra-rich is at obscene levels, you’re right. Unfortunately, though, the worst may be yet to come. Past tax giveaways to the rich signed into law by every President from Reagan to Trump were mostly just that – giveaways. Proposals of Republican politicians, including some from Project 2025, are far worse. They
Adjusted Gross Income: The False Premise of Tax Apologists for the Ultrarich (opens the original)
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[Note to readers: This post is an update to one I wrote for patrioticmillionaires.org last year. The information hopefully is useful itself, but it also will lay the groundwork for a new post I’m hoping to write in the next few weeks.]This 2025 YouTube presentation by Steve Ballmer is a primer of sorts on taxation in the U.S. Ballmer, the 9th wealthiest American, whose wealth, depending on the day, is around $150 bill
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