Wednesday, January 17, 2018
Tuesday, January 16, 2018
Prasad Presents Anti-Tax America: The Origins Of Our National Obsession With Tax Cuts Today At Georgetown
Monica Prasad (Northwestern) presents Anti-Tax America: The Origins of Our National Obsession with Tax Cuts, 24 J. Pol'y Hist. 351 (2012), at Georgetown today as part of its Tax Law and Public Finance Workshop Series hosted by Lilian Faulhaber and Itai Grinberg:
Greg Leiserson (Washington Center for Equitable Growth) presents Removing the Free Lunch from Dynamic Scores: Reconciling the Scoring Perspective with the Optimal Tax Perspective at NYU today as part of its Tax Policy Colloquium Series hosted by Lily Batchelder and Daniel Shaviro:
The Tyranny Of Metrics: 'Not Everything That Is Important Is Measurable, And Much That Is Measurable Is Unimportant'
In October 2015 and February 2016, I posted blogs discussing attrition rates between 2010 and 2014, and 2010 and 2015, respectively. With the release of the 2017 Standard 509 reports in December, I now have compiled attrition data from all of the fully-accredited ABA law schools outside of Puerto Rico for the last seven years, through 2016-17. I have calculated average attrition rates for the class as a whole and then broken out average attrition rates by law schools in different median LSAT categories – 160+, 155-159, 150-154 and <150. (Earlier this month, Brian Tamanaha noted that there are 14 law schools that have non-transfer attrition rates in the 2016-17 academic year in excess of 20%, the threshold set forth in Interpretation 501-3 which the Council for the Section of Legal Education and Admissions to the Bar adopted early in 2017.)
This blog reports that overall first-year non-transfer attrition increased each year until the 2016-17 academic year, going from 5.81% to 7.33% through 2015-16, before dropping back to 6.46% in 2016-17. This overall increase, however, results largely from increases in non-transfer attrition among schools with a median LSAT less than 150, as the non-transfer attrition rates for law schools with a median LSAT of 150 or greater have generally been in a downward trend over this period. Interestingly, one point reflected in this data is the inverse relationship between median LSAT category and attrition rates. “Academic attrition” rates increase significantly as median LSAT of law schools decreases; for four of the last five years, “other attrition” rates also increase as median LSAT decreases.
The decline in non-transfer attrition in 2016-17 is noteworthy given that it is the first decline in non-transfer attrition in the last several years. Notably, one significant contributor to the decline in non-transfer attrition in 2016-17 was the exclusion of Charlotte from the calculations given its closure. (For example, had Charlotte not been included in the 2015-16 non-transfer attrition calculations, the overall non-transfer attrition rate for 2015-16 would have been 6.96% rather than 7.33%.) That said, even taking into account the "Charlotte" factor, 2016-17 still shows the first decline in overall non-transfer attrition in the last several years.
- This Week's Ten Most Popular TaxProf Blog Posts
- Seton Hall's Innovative Weekend J.D. Program
- NY Times: A Swiss Banker Helped Americans Dodge Taxes. Was It A Crime?
- Lipman: (Anti)Poverty Measures Exposed
- The Key To Success Is Not Talent Or Hard Work, But Instead Pruning Your Tasks And Excelling In What's Left On Your Plate
- Will Law Firm Partners In L.A. & NYC Move To Their Firms' Houston Or Miami Offices Because of The New Tax Law?
- Zelinsky: Taxation And Religion In 2018 — The Parsonage Allowance And The Johnson Amendment
- The Top Five New Tax Papers
Martin Luther King Jr. Holiday:
- Leviner Presents Public Opinion And Tax Justice Today At Hebrew University
- NY Times: An Einstein For The Subway? A Lawyer — 'B' Student At BU Law School — Suggests A ‘Genius’ Fix
- Lesson From The Tax Court: What Are They Thinking?
- Group Pushes For New Texas Public Law School In El Paso
Monday, January 15, 2018
NY Times: An Einstein For The Subway? A Lawyer — 'B' Student At BU Law School — Suggests A ‘Genius’ Fix
New York Times, An Einstein for the Subways? A Lawyer Suggests a ‘Genius’ Fix:
Following up on my previous post, Texas Legislators Push For New Public Law School In The Rio Grande Valley Because 'Everybody Has A Law School': KFOX14, Group of El Pasoans Continue Fight to Bring Law School to the Borderland:
Sunday, January 14, 2018
The Key To Success Is Not Talent Or Hard Work, But Instead Pruning Your Tasks And Excelling In What's Left On Your Plate
Will Law Firm Partners In L.A. & NYC Move To Their Firms' Houston Or Miami Offices Because Of The New Tax Law?
Mark Herrmann (Vice President & Deputy General Counsel, Aon), Predictions For 2018 And Beyond: Taxes, M&A, Cordray For Veep, Etc.:
There is a bit of movement in this week's list of the Top 5 Recent Tax Paper Downloads, with a new paper debuting on the list at #2. The #1 paper is #1 and the #2 paper is #2 among 13,309 tax papers in all-time downloads (see Brian Leiter (Chicago), 11 Tax Profs Blow Up The SSRN Download Rankings).
- [44,130 Downloads] The Games They Will Play: Tax Games, Roadblocks, and Glitches Under the New Legislation, by Ari Glogower (Ohio State), David Kamin (NYU), Rebecca Kysar (Brooklyn) & Darien Shanske (UC-Davis) et al.
- [29,508 Downloads] The Games They Will Play: An Update on the Conference Committee Tax Bill, by Ari Glogower (Ohio State), David Kamin (NYU), Rebecca Kysar (Brooklyn) & Darien Shanske (UC-Davis) et al.
- [574 Downloads] The Senate Introduced a Pragmatic and Geopolitically Savvy Inbound Base Erosion Rule, by Itai Grinberg (Georgetown)
- [573 Downloads] Tax Reform: Process Failures, Loopholes and Wealth Windfalls, by Stephen Shay (Harvard)
- [382 Downloads] Once More, with Feeling: The 'Tax Cuts and Jobs' Act and the Original Intent of Subpart F, by Reuven Avi-Yonah (Michigan) & Nir Fishbien (S.J.D. 2018, Michigan)
Saturday, January 13, 2018
- IRS Dodges Oversight, Refuses To Measure Economic Impact Of Its Rules
- WSJ: Even Elite Business Schools Discount MBA Degrees By 50% Or More
- The IRS Scandal, Day 1706: Lois Lerner, Liberty, And Bureaucracy
- NY Times: As Flow Of Foreign Students Wanes, U.S. Universities Feel The Sting
- The IRS Scandal, Day 1709: Victims Of IRS's Tea Party Bias — And Taxpayers — Deserve To See Lois Lerner's Testimony
- Faculty Do Not 'Swing For The Fences' In Their Research After Tenure
- Bryan Camp (Texas Tech), Lesson From The Tax Court: Reporting Income v. Reporting Information
- 'Dancing Backwards In High Heels': Study Finds Students Set Higher Standards For Female Profs
- Sam Donaldson (Georgia State), Understanding The New Tax Law
- ABA Finds Appalachian, Arizona Summit & North Carolina Central Law Schools Out Of Compliance With Accreditation Standards
Friday, January 12, 2018
Weekly SSRN Tax Article Review And Roundup: Speck Reviews Mehrotra's Taxation And The Modern Liberal State
This week, Sloan Speck (Colorado) reviews a new work by Ajay Mehrotra (American Bar Foundation; Northwestern), Fiscal Forearms: Taxation as the Lifeblood of the Modern Liberal State, in The Many Hands of the State: Theorizing the Complexities of Political Authority and Social Control (Kimberly Morgan & Ann Orloff eds., Cambridge University Press 2017).
- ABA Journal, North Carolina Central, Arizona Summit Found Out of Compliance With ABA Accreditation Standards
- Carissa Byrne Hessick (North Carolina), Towards a Series of Academic Norms for #Lawprof Twitter
- Inside Higher Ed, Posttenure Benchwarmers
- Howard E. Katz (Cleveland State), What Law School Curriculum Committees Can Learn from Architecture Schools
- Reuven Avi-Yonah (Michigan), How Terrible Is the New Tax Law? Reflections on TRA17
- Joseph Bankman (Stanford), David Gamage (Indiana), Jacob Goldin (Stanford), Daniel Hemel (Chicago), Darien Shanske (UC-Davis), Kirk Stark (UCLA), Dennis Ventry (UC-Davis) & Manoj Viswanathan (UC-Hastings), Federal Income Tax Treatment of Charitable Contributions Entitling the Donor to a State Tax Credit
- Joseph Bankman (Stanford), Daniel Hemel (Chicago), Darien Shanske (UC-David) & Kirk Stark (UCLA), Deduct This: How States Can Undo One of the Most Potentially Destructive Elements of the Republican Tax Law
- Sam Donaldson (Georgia State), Understanding the Tax Cuts and Jobs Act
- Philip Hackney (LSU), GOP 2017 Tax Act Forces Nonprofits to Pay UBIT on Some Fringe Benefits
- Daniel Hemel (Chicago), State Payroll Tax Shift Stands on Solid Legal Ground
- David Kamin (NYU), Uncertainty, Perverse Incentives, and More
- Jim Maule (Villanova), State Tax Increases Cut the Tax Cuts
- Gregg Polsky (Georgia), The New Libel Tax
- Dan Shaviro (NYU), A Better Way to Explain the Introduction of Credits Against States' Income Taxes to Serve Charitable Objectives
- Dan Shaviro (NYU), Restoring State and Local Tax Deductibility Through Self-help
The American College of Employee Benefits Counsel is sponsoring its 14th Annual Employee Benefits Writing Competition on any topic in the field of employee benefits law. The competition is open to any J.D. and graduate (L.L.M. or S.J.D) law students enrolled at any time between August 15, 2017 and August 15, 2018.
The IRS Scandal, Day 1709: Victims Of IRS's Tea Party Bias — And Taxpayers — Deserve To See Lois Lerner's Testimony
Thursday, January 11, 2018
Howard E. Katz (Cleveland State), What Law School Curriculum Committees Can Learn from Architecture Schools, 18 Transactions 622 (2016):
Margaret Martin Barry (Vermont), Robert Dinerstein (American), Phyllis Goldfarb (George Washington), Peggy Maisel (Boston University) & Linda Morton (California Western), Exploring the Meaning of Experiential Deaning, 67 J. Legal Educ. ___ (2018):
Wednesday, January 10, 2018
National Taxpayer Advocate Delivers Annual Report To Congress; Discusses Tax Reform Implementation, Unveils 'Purple Book'
Shay: Will Treasury Close Loophole In Treatment Of Deferred Foreign Income In The Tax Cuts And Jobs Act?
Cause of Action Institute, IRS Dodges Oversight, Refuses to Measure Economic Impact of its Rules:
Charlotte Crane (Northwestern), Who Gets Taxed When A U.S. Corporation Pays Dividends? (JOTWELL) (reviewing Steven M. Rosenthal & Lydia S. Austin (Tax Policy Center), The Dwindling Taxable Share Of U.S. Corporate Stock, 151 Tax Notes 923 (May 16, 2016)):
ABA Journal, Italian Judge Accused of Bullying Law Students for Sex:
Tuesday, January 9, 2018
The Tax Lawyer has published Vol. 71, No. 1 (Fall 2017):
- Joni Larson, A Practitioner’s Guide to Tax Evidence (2d ed. 2017): A Preview, 71 Tax Law. 1 (2017)
- Bradley T. Borden (Brooklyn) & Sang Hee Lee (Ernst & Young, New York), Boundaries of the Prediction Model in Tax Law’s Substantial Authority, 71 Tax Law. 33 (2017)
- David Hasen (Florida), A Partnership Mark-to-Market Tax Election, 71 Tax Law. 93 (2017)
- Allen D. Madison (South Dakota), The IRS’s Tax Determination Authority, 71 Tax Law. 143 (2017)