McGlinchey in the News
Mixed reaction across America to ProPublica’s tax reportRead Time: 1 min
Member Douglas Charnas (Washington) appeared on “NewsNation Now” on June 9 regarding the recent leak of high profile, high net worth individuals’ private tax documents, which informed a recent ProPublica report. The report alleges that these individuals avoid paying their fair share of income tax and should be held to their “true tax rate.”
Frankly, I’ve never really heard that [the “true tax rate”] before,” Douglas Charnas, a corporate and tax attorney, told NewsNation. “But we don’t tax people simply because their assets increase in value. We wait until there is a specific event, typically a sale or exchange of those assets, to tax them.
Doug previously worked for the IRS, where he served as acting assistant to the Chief Counsel, senior attorney advising the Legislation and Regulation Division, and lead IRS lawyer for the Windfall Profit Tax.
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