The thesis here is that inconsistent tax accounting rules undermine the individual income tax, and the best available move for improving it — given the unassailability of the realization principle — is to eliminate its accrual (and quasi-accrual) features. Specifically, the agenda is to...

The thesis is that inconsistent tax accounting rules undermine the individual income tax, and the best available move for improving it – given the unassailability of the realization principle - is to eliminate its accrual (and quasi-accrual) features. Specifically, the agenda is to eliminate...