State governments are considering new charitable tax credits designed to circumvent the 2017 federal tax overhaul's cap on state and local tax deductions. Will these plans work? This essay argues that the answer is: yes, but with some qualifications

States and localities offer businesses an enormous amount of tax incentives to locate within their jurisdictions despite: 1) the mass of evidence that suggests that these incentives are not particularly effective and, 2) substantial doubts about their constitutionality. In this essay, we develop...

A centerpiece of the 2017 federal tax legislation's reforms to international corporate income tax rules is the new global intangible low-taxed income regime (or GILTI). In a prior essay, we argued that U.S. state governments should conform to GILTI. But might there be constitutional restrictions...

The U.S. income tax is broken. Due to the realization doctrine and taxpayers’ consequent ability to defer taxation of gains, taxpayers can easily minimize or avoid the taxation of investment income, a failure that is magnified many times over when considering the ultra-wealthy. As a result,...

This is the second of a series of essays wherein we analyze the U.S. Supreme Court's decision in South Dakota v. Wayfair. In this essay, we address issues related to sales tax formalism and income tax nexus

This essay consists of a press release and letter to Congress making the case for including the “Billionaires Income Tax” (BIT) in the final Build Back Better (BBB) legislation now before the U.S. Senate. Though the BIT was not included in the Build Back Better Act passed by the House of...