TaxVox

2023 State Elections Feature Key Tax Questions

October 19, 2023 –

While most of the political world looks ahead to 2024, voters are making important choices on property taxes, wealth taxes, cannabis taxes, and more this...

Federal Budget and Economy

Examining the Tax Rules at Risk in SCOTUS Moore v. US Case

October 11, 2023 –

Later this year, the US Supreme Court will hear Moore v. United States , a case in which the plaintiffs are challenging the constitutionality of...

Federal Budget and Economy

An Expansive Decision in Moore Case Could Spell Trouble for Our Tax Code

October 10, 2023 –

Former House Speaker Paul Ryan (R-WI) recently warned that a “lot of the tax code would be unconstitutional” if the US Supreme Court rules for...

Individual Taxes

Should Online Sports Betting Firms Withhold Taxes On Winnings?

October 4, 2023 –

Our teenage son called me from school in the middle of the day last month. I braced myself. Generally, those calls come when there’s a...

Individual Taxes

Taxation of Capital Income Is Not Race Neutral

September 28, 2023 –

The Internal Revenue Code generally does not refer to race or ethnicity, but federal income taxes may contribute to racial disparities when factors that affect...

Federal Budget and Economy

How Budget Commissions Can Make Deficit Reduction Harder

September 21, 2023 –

Congressional commissions generally serve one of two purposes. They either 1) provide political cover for lawmakers who want to achieve a goal but are afraid...

Individual Taxes

Treasury Takes Big-Picture View With Newest Crypto Proposal

September 19, 2023 –

After a bit of a delay, Treasury has proposed regulations outlining who in the cryptocurrency industry is a “broker” and hence obligated to provide the...

Individual Taxes

Will The Supreme Court Use A Fishing Dispute To Curb Treasury and IRS Tax Rules?

September 14, 2023 –

Is the US Supreme Court fishing for a way to upend decades of judicial deference to tax rules issued by the IRS and Treasury? The...

State and Local Issues

Lessons From The 2021 Child Tax Credit Expansion Informing State Policy Debates

September 12, 2023 –

It’s been two years since the expiration of the expanded child tax credit (CTC), a temporary provision of the American Rescue Plan that effectively provided...

photo of US Representative Garbarino of New York and other members of the salt caucus advocating for a more general state and local tax deduction

Individual Taxes

The House GOP’s Higher Standard Deduction Means Even Fewer Households Should Care About The SALT Fight

September 7, 2023 –

As House Republicans engage in a nasty internal battle over whether to raise the $10,000 cap on the state and local tax (SALT) deduction, a...