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Full-Text Articles in Law
The Tax Reform Act Of 1986: Simplicity, Equity, And Efficiency, Douglas Holtz-Eakin
The Tax Reform Act Of 1986: Simplicity, Equity, And Efficiency, Douglas Holtz-Eakin
Akron Tax Journal
The Tax Reform Act of 1986 (TRA86) has added another chapter to the already crowded tax history of the 1980's. Since the election of Ronald Reagan in 1980, the nation has seen several major tax changes: The Economic Recovery Tax Act in 1981, The Tax Equity and Fiscal Responsibility Act in 1982, and TRA86. With tax reform now well down on the list of legislative priorities (at least until next year!) it seems a propitious time for a general assessment of the structure of the federal tax system.
This paper reviews TRA86 with an eye toward these issues. The order …
Federal Income Tax Developments: 1985, Merlin G. Briner, James W. Childs
Federal Income Tax Developments: 1985, Merlin G. Briner, James W. Childs
Akron Tax Journal
This article discusses the federal income tax developments of 1985, including relevant Supreme Court cases, deductions, legislative and treasury regulations, and income recognition and related topics.
Fiduciary Income Taxation And The Holloway Adjustment, Dennis E. Bires
Fiduciary Income Taxation And The Holloway Adjustment, Dennis E. Bires
Akron Tax Journal
A great deal of the complexity of the rules dealing with income taxation of trusts and estates' can be attributed to the imperfect compatibility of two different regimes of law: the federal taxation of income and local rules of trust accounting. Just as the confluence of two rivers may generate turbulence exceeding that of either branch, the meeting of federal tax law and state trust law in Subchapter J of the Internal Revenue Code generates problems that neither discipline would present by itself.
In 1972, a New York Surrogate's Court introduced the Holloway adjustment to fiduciary accounting. This equitable adjustment …
Commentary: Does The United States Need An Alternative Tax Base?, James W. Childs
Commentary: Does The United States Need An Alternative Tax Base?, James W. Childs
Akron Tax Journal
This article looks at the alternative tax systems of France, Italy, Greece, Switzerland, and Yugoslavia and compares that to the system in the United States. It uses this comparison to discuss whether an alternative tax base is necessary in the United States.