On January 24, 2013, Congressman Dave Camp (R-MI), the Chairman of the House Ways and Means Committee, released the discussion draft of a bill that would tax derivatives under a mark-to-market system of taxation. This truly Copernican proposal would replace our entire federal system of taxing...

Sexual harassment victims are taxable on their recoveries. Recoveries for personal injuries that are not “physical” are taxable, and the Internal Revenue Service and most courts hold that the injuries arising from harassment are not physical. This is bad policy. Taxing a plaintiff’s...

The Internal Revenue Code is riddled with features that allow U.S. taxpayers to reduce their federal tax liability by operating through tax haven companies. Some of these provisions are historic anomalies. Others are better understood as inadvertent loopholes than considered legislative grace....

This paper analyzes the Final Report of the President's National Commission on Fiscal Responsibility and Reform and compares the recommendations to those of The Debt Reduction Task Force of the Bipartisan Policy Center