Most of these rationales for low taxes on people like Mitt Romney are wrong or overstated, and they miss a key point: taxing capital gains at much lower rates than other income creates a ginormous loophole that leads to a tremendous amount of inefficient tax shelter activity.

FORBES: Mitt Romney's Teachable Moment on Capital Gains

Our ranch house was located just north of Divide, Montana, a tiny town you could miss from the highway if you happened to adjust your radio at the wrong moment.

NPR: Excerpt: 'The Selected Works of T.S. Spivet'