Author: Paul Caron
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IRS Says “Bling Bling” Not Deductible
Sunday, April 18, 2004 The Watley Review, which describes itself as being “dedicated to the production of articles completely without journalistic merit or factual basis,” reports in its latest issue that the IRS will not allow taxpayers to deduct the cost of “bling bling” — diamonds, jewelry, and related showy paraphernelia.
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Top 5 Tax Paper Downloads
Sunday, April 18, 2004 The Social Science Research Network compiles a list of the most frequently downloaded tax papers over a rolling two-month period. Here are the Top 5 tax downloads from this week’s Top 10 list: 1. Corporations, Society and the State: A Defense of the Corporate Tax, by Reuven Avi-Yonah (Michigan) 2. The
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More on Kerry’s 2003 Tax Return
Saturday, April 17, 2004 Jack Bodganski (Lewis & Clark) has a nice discussion on his blog of Kerry’s 2003 tax return. This follows up on the earlier discussion here as well as on InstaPundit. For further Kerry tax discussion, see here, here, and here. Thanks to Bob McCombs for the leads.
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TaxProf Blog Debuts on InstaPundit
Saturday, April 17, 2004 TaxProf Blog debuted on InstaPundit today on John Kerry’s 2003 tax return, noting how the curious $85 deduction for non-monetary donations to Goodwill on page 25 of the return: “raises an interesting parallel to Clinton’s tax returns he released when he first ran for President. Remember how he got excoriated for
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Kahn on Estate Tax Apportionment Act
Saturday, April 17, 2004 Douglas Kahn (Michigan) has posted The 2003 Revised Uniform Estate Tax Aportionment Act on SSRN. Here is the abstract: This Article describes the significant sections of the 2003 Uniform Estate Tax Apportionment Act (the “2003 Uniform Act”). The Article explains the purpose and operation of the 2003 Uniform Act’s various sections
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Warren on Taxation of Options On Issuer’s Stock
Saturday, April 17, 2004 Alvin Warren (Harvard) has posted Taxation of Options on Issuer’s Stock on SSRN. Here is the abstract: This paper reconsiders the tax policy question of whether gains and losses on options on the issuer’s stock should be excluded from the corporate tax base. The principal conclusions are that nonrecognition provisions of
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Western New England To Offer Estate Planning LL.M.
Friday, April 16, 2004 Western New England College of Law announced that it will begin offering an Estate Planning LL.M. program in Fall 2005. Western New England thus will join Miami and Missouri-Kansas City as the only law schools offering an Estate Planning LL.M.
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Kerry’s 2003 Tax Return
Friday, April 16, 2004 Intersting post on JustOneMinute about John Kerry’s 2003 tax return, charging that David Cay Johnston’s story in the NY Times omitted unflattering details in a Reuters report.
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Harris on Discriminatory Property Assessments
Friday, April 16, 2004 Lee Harris has posted “Assessing” Discrimination: The Influence of Race in Residential Property Assessments on SSRN. Here is the abstract: In this Article, I document evidence that residential property in majority-minority neighborhoods is assessed at higher effective rates than like property in majority-white neighborhoods. I examine data on sales price and
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Boston College Symposium
Friday, April 16, 2004 Boston College Symposium on “The State of the Federal Income Tax: Rates, Progressivity, and Budget Processes” James Repetti (Boston College), Opening Remarks Martin McMahon (Florida), The Matthew Effect and Federal Taxation Abstract: “For whosoever hath, to him shall be given, and he shall have more abundance; But whosoever hath not, from
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TaxProf Blog’s First Day
Friday, April 16, 2004 It was a whirlwind first day for TaxProf Blog! Thanks to the 2,500+ who visited the site yesterday. And special thanks to the folks who emailed me words of encouragement and content for the site. We already have made a splash in the blogosphere, including mentions on the three big kahunas
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Bush & Cheney 2003 Tax Returns
Thursday, April 15, 2004 Jack Bogdanski’s (Lewis & Clark) blog has a great post about the Bush & Cheney 2003 tax returns released by the White House (as well as a great cartoon suitable for classroom use). He also promises future blogging about the motherlode of tax returns released by John Kerry (1999-2003 returns).
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May 6-8 Meeting of ABA Tax Section
Thursday, April 15, 2004 Two panels on Friday, May 7 (3:00 – 6:00 p.m.) may be of particular interest to tax professors: 1. Rethinking Corporate Tax Planning and Teaching in the New World of Partial Integration. The speakers will discuss tax planning for corporations and their shareholders, and will consider how these changes impact the
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Buchanan Colloquium on Capital Budgeting at NYU
Thursday, April 15, 2004 Neil Buchanan (Rutgers-Newark) presents “What is Fiscal Responsibility? Long-term Deficits, Generational Accounting, and Capital Budgeting” at the NYU Colloquium on Tax Policy and Public Finance. Here is the conclusion: “The traditional debate about budget deficits witnessed a divergence between the economic analysis, which saw that deficits are poorly measured in the
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Hotz Colloquium on Earned Income Tax Credit at UCLA
Thursday, April 15, 2004 Joseph Hotz (UCLA) presents two papers at the UCLA Tax Policy and Public Finance Workshop: 1. “The Effects of the EITC on the Employment of Low-Wage Populations: Are the Apparent Effects for Real?” Here is the conclusion: “The EITC transfers a large amount of money to working poor families and reduces
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Welcome
Monday, April 15, 2004 Welcome to TaxProf Blog, the only web source of resources, news, and information of interest to law school tax professors in their scholarship and teaching. TaxProf Blog combines both (1) continuously-updated permanent resources and (2) daily news and information: Permanent Resources: Tax Professors Graduate Tax Programs Tax Teaching Tax Scholarship Tax