Realization and the notion of "income" -- Specific items included in gross income -- Recovery of basis and certain limited exclusions -- Categorical exclusions : items received by gift, bequest, devise, or inheritance -- Categorical exclusions : damage recoveries, fringe benefits, and other...

Recent history has shown not only that the Bush Tax Cuts have produced soaring federal budget deficits but also that they have failed to enhance economic output and employment; more of the same simply enhances downside potential. Although many blindly insist that the Bush Tax Cuts be made...

In light of the federal government's plenary collection powers, the states have, for several years, sought and, with the help of Congress, managed to secure the assistance of the United States in obtaining various forms of revenue. As early as 1975, Congress authorized the Department of the...

Scholars on both sides of the reparations literature divide commonly contemplate some form of federal monetary outlay. At the same time, given both the absence of such an outlay and the dire prognosis that such largesse is forthcoming, tax scholars rarely contribute to traditional reparations...

The Act of State doctrine generally dictates that American courts not sit in judgment with respect to the acts of a foreign sovereign on its own soil. Courts commonly reason that although nothing in our Constitution requires recognition of the doctrine, adherence to its mandate effectively...