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June 11, 2008
Michael Graetz to Leave Yale for Columbia
"Professor Graetz is a sensational addition to our intellectual community,” Dean [and Tax Prof] David M. Schizer said. “He brings extraordinary insight and eloquence to the most important and difficult problems in taxation, and his work has had profound impact on a broad audience, ranging from legal academics and economists to practicing lawyers, government officials, and lay readers.” ...
“I’m looking forward to the opportunity to interact with the tax policy community at Columbia and throughout New York,” Graetz said.
This is an enormous loss for Yale, especially when coupled with Anne Alstott's move to Harvard.
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Gentlemen; Is it possible that someone might tell me (generally) why elimination of the SS/Med/Un/Ret method of taxation that provides about $800B annually could not be replaced with a tax of 1.6% levied upon $50T in SELECTED purchases & expense of biz & john Q public. Using $25T would obviously allow for using a more selective approach via a higher rate so as to more easily avoid pyramiding and it is worth noting that ALL taxpaying entities would 1st receive a cost reduction and ALL wages & compensations paid could conceivably become part of the tax base. This might include options granted & etc for example. Another query would include eliminating the income tax upon those in the under 90% AGI income bracket. About $300b is provided by that tax so a .6% tax rate would be required to eliminate it. It would appear that a 2--21/2%+- tax would be far more advantageous to our economy than anything Congress has or will do? Am I simply an economic idiot or might this concept have legs?-- Thank you-- Ray near DC./703-395-1123
Posted by: Ray | Oct 6, 2008 12:43:11 PM