Author: Shuyi Oei
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NY Times: New York Takes Two-Step Approach on Multimillion-Dollar Second-Home Tax
Benjamin Oreskes, Dana Rubinstein and Mihir Zaveri, New York Takes Two-Step Approach on Multimillion-Dollar Second-Home Tax (New York Times, May 14, 2026) A new tax surcharge on the second homes of wealthy part-time residents of New York City would initially target co-ops and condos that have at least $1 million in “market value,” a bureaucratic metric that…
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WSJ: The Clock Is Ticking on Your Chance to Cash In on a Covid-Era Tax Loophole
Laura Sanders, The Clock Is Ticking on Your Chance to Cash In on a Covid-Era Tax Loophole (Wall Street Journal, May 15, 2026) Strange but true: Tens of millions of Americans could be owed billions of dollars in tax refunds of Covid-era interest and penalties due to a recent federal court decision. But getting these…
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NTA 56th Annual Spring Symposium
The National Tax Association 56th Annual Spring Symposium is being held in Washington DC yesterday and today (May 7-8, 2026). Program is available here (and also below). Thursday, May 7, 2026 Time Function 8:50 – 9:00 AM Welcome 9:00 – 10:15 AM The One Big Beautiful Bill: Impacts & Implications (Panel Session)Moderator:Andy Duehren, New York…
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NY Times: New York’s $268 Billion Budget Deal Includes New Second-Home Tax
Grace Ashford & Benjamin Oreskes, New York’s $268 Billion Budget Deal Includes New Second-Home Tax (New York Times, May 7, 2026) New York State leaders have reached a handshake agreement on a $268 billion budget that will include funding to expand child care and a new tax on multimillion-dollar second homes in New York City, Gov. Kathy…
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NY Times: “Mamdani’s Tax Return: $1,600 From Rapping and $131,000 From Politics”
Dana Rubinstein and Sally Goldenberg, Mamdani’s Tax Return: $1,600 From Rapping and $131,000 From Politics (New York Times, April 16, 2026) Springtime in City Hall can mean many things: pothole-filling news conferences, budget battles, parks department ribbon cuttings. On Thursday, another of those springtime rites of passage arrived anew, as Mayor Zohran Mamdani released his joint tax…
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Mitchell: “The other two-tiered U.S. tax system: How pass-through businesses let the ultra-wealthy dodge federal taxes”
David S. Mitchell (Washington Center for Equitable Growth): “The other two-tiered U.S. tax system: How pass-through businesses let the ultra-wealthy dodge federal taxes” (April 15, 2026) Many Americans likely remember when the legendary value investor Warren Buffett drew attention to a glaring unfairness in the tax code by pointing out that he paid a lower effective tax…
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Hackney: Arts Tax Policy
Philip Hackney (Pittsburgh), Arts Tax Policy: Democracy or Plutocracy?, 60 Loy. L.A. L. Rev. (forthcoming 2026), U. of Pittsburgh Legal Studies Research Paper No. 2026-13, Available at SSRN: https://ssrn.com/abstract=6511360 The United States National Endowment for the Arts’ budget in 2024 was $207 million; in the same year the United States spent roughly between $2 and $3.35…
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Goulder: Can Consumers Recoup IEEPA Tariffs From Importers?
Robert Goulder, Can Consumers Recoup IEEPA Tariffs From Importers? (Tax Notes Today, Int’l, April 10, 2026) The one-year anniversary of President Trump’s “Liberation Day” tariffs came and went without much public fanfare. The kindest remembrance was penned by columnist Oren Crass for the Financial Times, who credits Trump’s trade stance for a weaker (read: more competitive)…
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WSJ: The High-Tax Wealth Flight Continues
Wall Street Journal, Editorial Board, The High-Tax Wealth Flight Continues (March 27, 2026), As Democrats across the country seek to raise income taxes, the IRS on Friday released new data on state income migration that is a reality check on their ambitions. Even after the pandemic, high-tax states continue to lose tens of billions of…
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Trencs: The End of the Penny: Navigating Rounding Rules and Audit Risks
Samantha K. Trencs, The End of the Penny: Navigating Rounding Rules and Audit Risks (Tax Notes, April 3, 2026) Your total is $10.02 at a retail checkout, but as you reach into your pocket, the cashier stops you: There is no need for those 2 cents. This scenario, once the subject of debate and hypothetical…
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Herzfeld: Wars and Oil Crises Drive Tax Policy Shifts
Mindy Herzfeld (Florida), Wars and Oil Crises Drive Tax Policy Shifts, 121 Tax Notes Int’l 2101 (March 23, 2026) The U.S. bombing of Iran has disrupted oil shipments through the Strait of Hormuz, leading to wild swings in the price of oil and reports of windfall profits for U.S. oil companies. (See “U.S. Oil Groups…
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University of San Diego School of Law Hosts the Inaugural Law and PPE (Politics, Philosophy, and Economics) Workshop
The University of San Diego School of Law hosts the inaugural Law and PPE (Politics, Philosophy, and Economics) Workshop today (Friday, March 27, 2026). The workshop brings together legal scholars (including several tax professors) whose work treats philosophy and economics as complementary rather than competitive approaches to legal questions. The program features five papers with…
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Appleby presents “Privatized Tax Enforcement” at Georgia
Andrew Appleby (Tennessee, SSRN) presents Privatized Tax Enforcement: State False Claims Acts and the Constitutional Limits of Outsourced Revenue Collection, 60 Ga. L. Rev. ___ (forthcoming 2026) at Georgia today as part of the Georgia Law Review Symposium: “Polarized Courts: The New Private Enforcement“ The proliferation of state false claims acts with qui tam enforcement mechanisms represents a profound shift…
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Washington Post: Many Wealthy Americans Already Pay European Tax Rates
Washington Post, Many Wealthy Americans Already Pay European Tax Rates (Editorial Board, March 11, 2026) Listening to far-left politicians clamor for wealth taxes on Americans may leave some with the mistaken impression that the rich don’t pay their fair share. In truth, while the United States generally has lower income taxes than rich European countries,…
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JOTWELL: The Asymmetric State: The Urban-Rural Divide as Architect of U.S. Tax Policy
Adam Thimmesch (Nebraska), The Asymmetric State: The Urban-Rural Divide as Architect of U.S. Tax Policy (reviewing Kirk Stark, Taxation, Redistribution, and the Urban–Rural Divide, 78 Tax Law. 361 (2025)) Since 2020, many states have been cutting their income tax rates and narrowing their bases, while others have been considering wealth tax proposals and other progressive revenue tools. These…
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Marks Presents “Lingering Proposed Regulations” at Duke
Noah Hertz Marks (UNC) presented “Lingering Proposed Regulations” at Duke yesterday as part of its Tax Policy Seminar hosted by Larry Zelenak: The Administrative Procedure Act (APA) specifies a three-step process for promulgating enforceable regulations: agencies publish a notice of their proposed regulation (NPRMs) in the Federal Register, receive comments from the public, and then consider…
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NY Times: Is the U.S. Tax Code Anti-Feminist?
Tara Siegel Bernard, Is the U.S. Tax Code Anti-Feminist? (New York Times, Feb. 18, 2026) For many Americans, taxes are a chore to complete once a year. But if you reflect on the tax code long enough, you may see it differently — as a reflection of values, or even a national anthem. In some places,…
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Lederman & Lawsky: Constructing Deductions
Leandra Lederman (IU Maurer) & Sarah B. Lawsky (U. of Illinois), Constructing Deductions (February 17, 2026). Available at SSRN: https://ssrn.com/abstract=6258958 This Essay identifies drafting “building blocks” that are present in the Internal Revenue Code and that are used to construct many of the deductions available to individuals. The Essay represents these building blocks using mathematical formulas…
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NY Times: Americans Are Paying the Bill for Tariffs, Despite Trump’s Claims
Ana Swanson & Sydner Ember, Americans Are Paying the Bill for Tariffs, Despite Trump’s Claims (New York Times, Feb. 12, 2026): President Trump has frequently claimed that foreign countries were paying for his tariffs, not Americans. But as economists predicted, that is largely turning out not to be the case. Research published on Thursday by economists at…
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WSJ: Federal Tax Revenue Soars, but So Does Entitlement Spending
WSJ Editorial Board, Federal Tax Revenue Soars, but So Does Entitlement Spending (Wall Street Journal, Feb. 9, 2026) It’s time for your periodic check on the federal fisc, and the latest results tell the tale of our political choices. Tax receipts are rolling in, discretionary spending is ebbing, but entitlements keep soaring, and thus the…
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JOTWELL: Anatomy of a Shakedown: The Carried Interest Case
Charlene D. Luke (Florida), Anatomy of a Shakedown: The Carried Interest Case, JOTWELL (February 12, 2026) (reviewing Edward J. McCaffery & Darryll K. Jones, The Curiouser and Curiouser Case of Carried Interests, 66 Ariz. L. Rev. 357 (2024)). Edward J. McCaffery (USC) and Darryll K. Jones (FAMU) offer an engaging explanation for the lack of progress in closing the carried interest loophole…
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WSJ: New Tax Break for Private-School Scholarships Sets Off Power Struggle
Richard Rubin, New Tax Break for Private-School Scholarships Sets Off Power Struggle (Wall Street Journal, Feb. 4, 2026) WASHINGTON—A new federal school-choice tax credit is poised to funnel billions of dollars to scholarships for students attending private and parochial schools. The big question now: Who gets to set the rules and control where the money goes? Congress…
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University of Florida: Ellen Bellet Gelberg Tax Policy Symposium
University of Florida Levin College of Law is holding the Ellen Bellet Gelberg Tax Policy Symposium at 9 am today (Friday, Feb. 6), in person at Martin Levin Advocacy Center and virtually. Here is the announcement: Please join us for the 2026 Ellen Bellet Gelberg Tax Policy Symposium. Elena Spatoulas Patel, Co-Director, Urban-Brookings Tax Policy…
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Drumbl: Poverty, Fresh Starts, and the Social Safety Net
Michelle Lyon Drumbl (Washington & Lee U. School of Law), Poverty, Fresh Starts, and the Social Safety Net, 98 Temple Law Review 57 (2025): For decades low-income families have relied on the filing of individual income tax returns to claim critical social welfare benefits in the form of refundable tax credits, most notably the Earned…
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National Taxpayer Advocate Delivers Annual Report to Congress
National Taxpayer Advocate delivers Annual Report to Congress; finds taxpayer service was strong in 2025 but foresees challenges for taxpayers who encounter problems in 2026 (IR-2026-15, Jan. 28, 2026) WASHINGTON — National Taxpayer Advocate Erin M. Collins today released her 2025 Annual Report to Congress, finding that taxpayers generally fared well in their dealings with the…