TaxVox: Individual Taxes

Want To Know Why A Wealth Tax Won’t Work? Remember The Time Michael Jackson’s Estate Landed in Tax Court

July 12, 2021 –

If you want to know why a wealth tax would be an administrative nightmare, take a look at the dispute over the estate of pop...

How Should Congress Fund Investments in The Internal Revenue Service’s Infrastructure?

July 7, 2021 –

Congress is moving toward rectifying the decade-long funding crisis at the IRS . The House is on track to adopt President Biden’s proposed $1.6 billion...

Tax-Exempt Hospitals and Charity Care: Should Those Hospitals Do More?

July 7, 2021 –

A recent Wall Street Journal report made me wonder.

Individual Taxes

Keeping the Monthly Child Tax Credit Coming, Limiting Risk of Overpayments

June 25, 2021 –

Beginning in July, most families with children will receive up to $250 a month per child ($300 for children under 6). Those payments are advances...

State and Local Issues

State Pass-Through Entity Taxes Let Some Residents Avoid the SALT Cap at No Cost to The States

June 24, 2021 –

This week, Colorado became the 14 th state to either require or allow some pass-through businesses such as partnerships to pay state income taxes at...

Individual Taxes

Pro Publica’s Billionaires: Stories Behind the Story

June 15, 2021 –

Pro Publica’s recent story about the small amount of tax paid by many of the nation’s billionaires has focused new attention on what critics say...

Individual Taxes

Social Security Reform Should Eliminate Poverty Among the Elderly and Disabled

June 8, 2021 –

Most Social Security reform proposals have focused on one goal: restoring the program’s long-run fiscal balance. Yet under all recent proposed restructurings we have examined—whether...