A controversial new financing phenomenon has recently emerged. New “income share agreements” (“ISAs”) enable an individual to raise funds by pledging a percentage of her future earnings to investors for a certain number of years. These contracts, which have been offered by entities such...

The U.S. economy exhibits high inequality and low economic mobility across generations relative to other high-income countries. The U.S. will need to raise more revenues in order to reduce these disparities, finance much-needed new services and investments, and address the nation's long-term...

New cryptocurrency staking "reward" tokens are not and should not be taxable when they are created. This article presents the basic economics of cryptocurrency staking and the applicable income tax law. It responds to counterarguments from the New York State Bar Association's Tax Section and...

The mortgage interest deduction is often criticized for contributing to after-tax income inequality. Yet the effects of the mortgage interest deduction on income inequality are more nuanced than the conventional wisdom would suggest. We show that the mortgage interest deduction causes...

Specialized theoretical and empirical research should in principle be embedded in a unified framework that identifies the relevant interactions among different phenomena, enables an appropriate matching of policy instruments to objectives, and grounds normative analysis in individuals' utilities...

One question in the most recent World Values Survey asked whether it is an essential characteristic of democratic governments to tax the rich and subsidize the poor. The present study reports the findings of the survey conducted in South Korea. The overall response and relative ranking are...

The present study reports the findings of a survey conducted by the World Values Survey scientists in 59 countries on the question of whether governments should tax the rich and subsidize the poor. A 10-point Likert Scale was used to determine the extent of agreement or disagreement with the...

The present study reports the findings of a survey conducted by the World Values Survey scientists in the United States on the question of whether governments should tax the rich and subsidize the poor. The sample size of 2166 consisted of individuals from all parts of the United States. A...

The present study reports the findings of a survey conducted by the World Values Survey scientists in 60 countries on the question of whether governments should tax the rich and subsidize the poor. A 10-point Likert Scale was used to determine the extent of agreement or disagreement with the...

The Covid-19 crisis has exacerbated the already deteriorating fiscal situation in South Africa. The current consolidation strategy, based on spending cuts and reprioritisation of spending items, has reached its limits and is insufficient to stabilise the debt ratio in the medium term and fund...