TOM HERMAN, a contributor to The Fiscal Times, wrote for The Wall Street Journal from 1968 until May 2009, when he retired to devote more time to teaching, writing and tennis. From mid-1993 until May 2009, he wrote The Wall Street Journal's weekly Tax Report. He continues to write a weekly column for The Wall Street Journal Sunday, a personal-finance section that appears in the Sunday business sections of many newspapers.
In the fall of 2006, 2007 and 2009, Mr. Herman taught a Yale College seminar: "Behind the Headlines: The Press, Business and the Economy." He is teaching a seminar on business and financial-news coverage at Columbia University's Graduate School of Journalism this semester and taught a similar course at Columbia in 2009.
When he was a Yale undergraduate, Mr. Herman won a Newspaper Scholarship Fund award and worked as a reporter in The Wall Street Journal's Washington, D.C., bureau in the summer of 1967. He joined the Journal's New York bureau as a reporter in August 1968 and transferred in 1969 to the Atlanta bureau, covering subjects ranging from conservation to civil rights, from the Coca-Cola Company to the Nick Bollettieri Tennis Academy.
He returned to the New York bureau in 1974 and moved in 1976 to The Asian Wall Street Journal, covering Hong Kong, Singapore, Malaysia and the Philippines.
In July 1977, Mr. Herman returned to The Wall Street Journal's New York bureau as a reporter. From 1980 through mid-1989, he wrote the daily "Credit Markets" column and covered investing, economics and the Federal Reserve. Beginning in mid-1989, while continuing to cover the financial markets, he specialized in investing and personal finance issues and wrote "Your Money Matters" columns for the front page of the Money & Investing section.
In January 1994, Mr. Herman became the Journal's Tax Report columnist and wrote that weekly column until he retired in 2009. He was named a Senior Special Writer in March 1994.
Mr. Herman is the co-author with Douglas R. Sease of The Flat-Tax Primer, a book published by Viking in April 1996. He also has contributed to several other books, including The Wall Street Journal Lifetime Guide to Money, published by Hyperion in 1997 and The Wall Street Journal Guide to Who's Who and What's What on Wall Street, published by Ballantine in 1998.
A native New Yorker and a graduate of the Browning School, Mr. Herman won the school's prize for journalism, and in 2002, he received the school's Alumnus Achievement Award. He received a bachelor's degree from Yale College in 1968 and was a reporter and later political editor for the Yale Daily News.
He and his wife, Marilyn, live in New York City.
Recent Stories By Tom Herman:
7 Ways to Cut Your Tax Bill NowOctober 6, 2011
There’s lots of talk about taxes these days. President Obama is calling for higher taxes on the wealthiest Americans. Republicans have repeatedly vowed to block tax increases. Everyone seems to agree...
Home Office Deduction: IRS Lowers the Red FlagApril 11, 2011
For millions of wage slaves, it’s the real American Dream: Set up a home office, forget about rush-hour commuting hassles, create your own work and vacation schedules — and deduct everything in sight...
Taxes: What Could Trigger an IRS AuditApril 4, 2011
As the April 18 tax-filing deadline approaches and Americans struggle to decipher tax-form instructions seemingly written in an obscure ancient language that would confuse even Indiana Jones, their...
Estate Tax Change Threatens Obama’s Tax CompromiseDecember 16, 2010
Among the most contentious issues in the tax compromise package that comes before the House of Representatives today is likely to be an unexpectedly generous change in the nation’s estate tax that...
High Income, No Taxes: How Big Money Beats the IRSDecember 14, 2010
No wonder President Obama is calling for tax reform. More than 10,000 Americans who earned more than $200,000 during 2007 paid no income taxes to the U.S. government. And it’s perfectly legal....
Taxpayer Alert: Millions May be Hit by AMT this YearNovember 11, 2010
Unless Congress takes action, more than 20 million Americans will get hit with unexpected tax increases for this year, including some people earning less than $75,000. This has nothing to do with the...
Tax Breaks Offer Quick Financial Help in DisastersSeptember 12, 2010
Victims of a savage hurricane, a flood, a tornado or some other major disaster aren’t likely to be thinking about the fine print of the Internal Revenue Code. But many should be doing exactly that....
Betting on Munis: An End Run on Higher TaxesJuly 23, 2010
President Barack Obama could go down in history as one of America’s greatest municipal bond salesmen. While the president isn’t moonlighting as a bond peddler, he has proposed tax increases,...
Investment Losses? Use Them to Save on TaxesJune 25, 2010
Admitting a mistake never is easy, especially when it comes to investing. But doing just that could be a smart move for investors eager to reduce the sting from painful bloopers. With the Standard...
Tax Evasion: Crackdown on Overseas AccountsJune 16, 2010
For most Americans, this year's income tax deadline has come and gone. But another important deadline is coming soon for people who had large amounts of money stashed abroad last year. Welcome to...
Lots of people thought Congress would have revived the estate tax by now, making a new law retroactive to the beginning of 2010. That hasn’t happened. Even as a tax bill is being debated in Congress...
Craigslist, eBay Alert: The Tax Man ComethMay 19, 2010
Many people think of online auction sites, such as eBay or Craigslist, as virtual garage sales — a convenient way to clean out cluttered closets and attics stuffed with old clothes, books and...