Open Access. Powered by Scholars. Published by Universities.®
- Institution
- Keyword
-
- TCJA (2)
- Tax Cuts and Jobs Act (2)
- 16th Amendment (1)
- AMT exemption & phaseout threshold (1)
- Alternative minimum tax (1)
-
- Artificial intelligence (1)
- Blockchain (1)
- Blockchain forks (1)
- Classification (1)
- Corruption (1)
- Cryptocurrency (1)
- Deferral (1)
- Detroit (1)
- Enforcement (1)
- Equity (1)
- FATCA (1)
- Foreclosure (1)
- Foreign Account Tax Compliance Act (1)
- High-income taxpayers (1)
- Income taxation (1)
- Individual income taxation (1)
- Marginal tax rates (1)
- Mark to market (1)
- Michigan (1)
- New deduction for unincorporated business income (1)
- Preference for married taxpayers (1)
- Preference income (1)
- Property (1)
- Property tax (1)
- Qualified business income deduction (1)
Articles 1 - 5 of 5
Full-Text Articles in Law
The Tao Of The Dao: Taxing An Entity That Lives On A Blockchain, David J. Shakow
The Tao Of The Dao: Taxing An Entity That Lives On A Blockchain, David J. Shakow
All Faculty Scholarship
In this report, Shakow explains how a decentralized autonomous organization functions and interacts with the U.S. tax system and presents the many tax issues that these structures raise. The possibility of using smart contracts to allow an entity to operate totally autonomously on a blockchain platform seems attractive. However, little thought has been given to how such an entity can comply with the requirements of a tax system. The DAO, the first major attempt to create such an organization, failed because of a programming error. If successful examples proliferate in the future, tax authorities will face significant problems in getting …
Marginal Rates Under The Tcja, Reed Shuldiner
Marginal Rates Under The Tcja, Reed Shuldiner
All Faculty Scholarship
In this report, Shuldiner argues that although the Tax Cuts and Jobs Act appears to offer an across-the board reduction in individual marginal tax rates augmented by an additional 20 percent reduction in rates on unincorporated business income, the situation is significantly more complex.
Was The Amt Effectively Repealed?, Reed Shuldiner
Was The Amt Effectively Repealed?, Reed Shuldiner
All Faculty Scholarship
The individual alternative minimum tax (AMT) was a much disliked feature of the tax law prior to the Tax Cuts and Jobs Act (TCJA). Yet, despite repeated promises to repeal the AMT as part of tax reform, the TCJA dropped AMT repeal in favor of increasing the AMT exemption and its phaseout threshold. The question raised by this development is whether the AMT changes should be viewed as yet another stop-gap tweak of the AMT or whether the changes should be viewed as returning the AMT to its roots as a tax on high-income taxpayers using excessive loopholes. In this …
Stategraft, Bernadette Atuahene, Timothy Hodge
Stategraft, Bernadette Atuahene, Timothy Hodge
All Faculty Scholarship
Although sometimes difficult to detect, governmental power abuses can have detrimental impacts. Property tax assessments provide an effective lens to examine this phenomenon because, given the complexity of calculating property tax assessments, it is difficult for citizens to know when local government has exceeded its legitimate taxing authority and crossed into the realm of illegal extraction. Michigan is an ideal case study because it protects property owners by making assessment-related power abuses more visible through a unique state constitutional provision: property tax assessments cannot exceed 50 percent of a property’s market value. Abuses have persisted nevertheless. Between 2011 and 2015, …
Abandoning Realization And The Transition Tax: Toward A Comprehensive Tax Base, Henry Ordower
Abandoning Realization And The Transition Tax: Toward A Comprehensive Tax Base, Henry Ordower
All Faculty Scholarship
The Tax Cuts and Jobs Act of 2017 imposed a tax, the “transition tax,” on as much as 31 years of undistributed, accumulated corporate income. This article focus on that transition tax as it evaluates thefunction and constitutionality of the tax and considers whether the transition tax might serve as a model for addressing the broader problem of deferred income in the United States. The article views the transition taxas joining the expatriation tax and other mark to market inclusion provisions in abandoning any pretext that there is continued vitality in the realization principle as something more compelling than any …