Taxation Tuesday is off today. It will return on the next available Tuesday. In the meantime, here’s SCOTUSblog on Marinello v. United States, which asks what counts as obstruction of tax administration. Can paying in cash be enough?
[Editors’ Note: Friend of the blog Justin Burnam got into the oral argument for Masterpiece Cakeshop yesterday. We’re pleased to be able to host him here for his reflections.] The Supreme Court yesterday heard oral argument in Masterpiece Cakeshop, Ltd. v. Colorado Civil Rights Commission. Outside the courthouse, two energetic crowds—each replete with signs, flags, and booming […]
The Republican tax bill is going to conference, and updates are happening so quickly they are time stamped to the minute. So, let’s talk about the individual Alternative Minimum Tax, a decades-old smoking gun demonstrating the failures of the federal income tax. (There is also a corporate AMT, which is not the subject of this […]
“[T]here is no need to narrate actions that do not affect the truth of the history, if they are going to result in the discrediting of the hero.” —Don Quixote To mark the anniversary of last year’s election, Vice News interviewed a set of the president’s diehard fans to see how they felt things have […]
The federal income tax was established to help pay for the Civil War, but it was never solely a mechanism for raising revenue. Deductions have always been there, and deductions are policy. The state and local income tax deduction, for example, was consubstantial with the first federal income tax. According to the Tax Foundation, it’s […]
Like the rest of you, I’m phoning it in this week, so instead of a full blog post, here are some truly appalling tax jokes: Where did the homeless accountant go? To a tax shelter! Why don’t sharks attack tax inspectors? Professional courtesy. A fine is a tax for doing wrong; a tax is a […]
The current tax reform plan is complicated and earth-shaking in a downstream kind of way. It’s doing a lot from a monetary perspective, but it’s not fundamentally changing the way federal taxes work. It’s a familiar reform story: the entrenched status quo turns out to be made of concrete, so the reformers have to dig […]
The federal income tax finds you everywhere. State taxes don’t: California takes up to 13.3% of your income, while Nevada takes nothing. Every state taxes property in some way, but at different levels. But state taxes don’t immediately overburden high-tax state residents as badly as this sounds, because of the State and Local Tax Deduction, […]
Two conflicting ideas underpin a lot of the conversation surrounding businesses and the federal income tax. First, that our current tax code is too complicated, and second, that we should use the tax code to manage economic policy. Cost recovery of capital investment is a good case study. It’s really complicated and it has huge […]
In 2016, the comedian John Oliver established “Our Lady of Perpetual Exemption,” a bogus church that received tax-exempt status as a religious organization. In 2015, the NFL cheerfully announced their front office was voluntarily giving up its nonprofit tax-exempt status. The MLB central office did so in 2007, while the NHL has remained tax-exempt. Country […]
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