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Full-Text Articles in Law
The Hidden Costs Of The Progressivity Debate, Nancy C. Staudt
The Hidden Costs Of The Progressivity Debate, Nancy C. Staudt
Vanderbilt Law Review
Progressive taxation-taxing high income individuals at a proportionally higher level than low income individuals-has sparked more than a century of controversy. Those who support progressive taxation have heralded it as a policy that promotes the greatest good for the greatest number in society protects traditional democratic values, reflects the communitarian world-view of women who see themselves as responsible for the well-being of all individuals, and reveals the "aesthetic judgment" that income inequality is "distinctly evil or unlovely." At the same time, critics have condemned progressive income taxation as social policy that amounts to theft and involuntary servitude, reflects the democratic …
A Comparative Proposal To Reform The United States Gift Tax Annual Exclusion, Jeffrey S. Kinsler
A Comparative Proposal To Reform The United States Gift Tax Annual Exclusion, Jeffrey S. Kinsler
Vanderbilt Journal of Transnational Law
The U.S. tax system receives much criticism. Recurrent themes in criticizing tax laws concern their complexity and the many loopholes relieving the wealthy from large amounts of taxation. This Article demonstrates how very wealthy U.S. taxpayers often do not pay gift and estate taxes. In fact the tax laws do not require these taxes to be paid. The Internal Revenue Code provides mechanisms through which taxpayers can evade estate and gift taxes in the United States. Furthermore, U.S. gift tax laws are extremely generous to taxpayers relative to tax laws of other industrialized countries. This Article analyzes the U.S. gift …