Traditional analysis of the taxation of income from capital has focused on the impact of tax on marginal investment decisions; the principal impact of tax on investment is through the cost of capital, and is generally measured by an effective marginal tax rate. In this paper, we consider cases...

The charitable income tax deduction needs work. The current federal system of tax law to encourage the shift of assets from private individuals to charitable organizations fails to reach significant portions of Americans. Only the fortunate third of households that itemize deductions are...