Why It Matters That Our Politicians Are Rich

February 21, 2012

Boston Globe, Why It Matters That Our Politicians Are Rich, by Britt Peterson: As the presidential primary race has unfolded over the last few months, curious Americans have angled for a look at the candidates’ wallets—and observed that they are bulging. … Politicians would like us to believe that all… Go to Source

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Tax Prof’s Worst Law School Grade: Tax

February 21, 2012

Harvard Law School Record, Before You Feel Anxiety About Your Grades…: Tax Law Professor Daniel Halperin received his worst law school grade in: tax. (Hat Tip: Law Librarian Blog.) Go to Source

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Suspended Lawyer Lied to Get on Daugerdas Tax Shelter Jury

February 21, 2012

Following up on my prior posts (links below): a suspended lawyer says that she lied to get on the jury in the tax shelter trial of former Jenkens & Gilchrist partner Paul Daugerdas (featured in The American Lawyer December 2003 cover story, Helter Shelter): ABA Journal, Ex-Juror in Tax Fraud… Go to Source

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Payroll Tax Extension Eliminates Recapture Tax on Those Earning > $110,100

February 21, 2012

Future of Capitalism, Payroll Extension Eliminates Recapture Provision, by Ira Stoll: One of the little-noticed features of December’s two-month extension of the payroll tax cut was a “recapture provision” that actually raised the income tax on those earning more that $110,100 a year. [See this IRS Press Release.] … This… Go to Source

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The Benefits of a Capital Gains Exemption for Investments in Startups

February 21, 2012

Robert E. Litan & Alicia Robb (both of the Kauffman Foundation), A Market-Based Approach for Crossing the Valley of Death: The Benefits of a Capital Gains Exemption for Investments in Startups: Without making any bold claim of a “free lunch,” there is nonetheless a compelling case to be made that… Go to Source

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Likhovski: Cultural Histories of Tax Law

February 21, 2012

Assaf Likhovski (Tel-Aviv University, Faculty of Law), Chasing Ghosts: On Writing Cultural Histories of Tax Law, 1 UC Irvine L. Rev. ___ (2012): This article discusses the use of arguments about “culture” in two debates about the imposition, application and abolition of income tax law: A debate about the transplantation… Go to Source

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The 10 Best Websites for Law Students

February 21, 2012

I am thrilled that our Law Professor Blogs Network has been named one of The 10 Best Websites for Law Students by The National Jurist: For law students who know what legal field they are interesyted in Law Professor Blogs is a great resource. Broken down by specialty, the blogs… Go to Source

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WaPo: Which of the Presidential Candidates Is Most Charitable?

February 21, 2012

Washington Post, Romney and Obama Vie for Title of Most Charitable; Santorum Gave Least to Charity: President Obama and his wife, Michelle, despite having the second-lowest income of the four candidate/spouse combos, gave the highest percentage of their $1.8 million income to charity in 2010. … He and Michelle gave… Go to Source

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99 to 1: How Wealth Inequality Is Wrecking the World

February 21, 2012

Chuck Collins (Institute for Policy Studies), 99 to 1: How Wealth Inequality Is Wrecking the World and What We Can Do About It? (Berrett-Koehler Publishers (April 2, 2012)): The focus of the worldwide Occupy protests is creating a world that works for 99% of people and businesses, not just the… Go to Source

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Sullivan: Obama’s Tax Deform and the Top 0.1% by Zip Code

February 21, 2012

Martin A. Sullivan (Tax Analysts), Eliminate Everybody’s Loopholes Except Mine, 134 Tax Notes 922 (Feb. 20, 2012): As it is trying to promote tax reform, the Obama administration is defying the logic of real tax reform — the economic logic that tax neutrality is best for growth and job creation… Go to Source

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