“[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 […]

Every now and again, a case comes before the Court that raises a multitude of important public policy questions, involves a set of politically salient issues, and garners widespread attention in the media. Digital Realty Trust is not really that case. However, the issue raised in the question presented is no less important given it requires the […]

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 […]

The 1905 Supreme Court case Lochner v. New York has long been a lightning rod for the claim that unelected judges have no place in our Constitutional system striking down laws purporting to ensure public health and safety. The periled precedent played its part this week as UT Law student Noah Horwitz dutifully deployed it against […]

Eminent domain—It is a term evocative of aristocracy from a bygone era, one that should be written in gilded script that graces an old regal manuscript. This word association is perhaps accurate given what the term represents in legal parlance: the government’s ability to expropriate the territory of its citizens. In the United States, this […]