Paul L. Caron
Dean


Friday, January 9, 2015

Kamin: How to Tax the Rich

Tax Analysys Logo (2013) David Kamin (NYU),  How to Tax the Rich, 146 Tax Notes 119 (Jan. 5, 2015):

In this article, Kamin reviews options for increasing tax liabilities for the richest Americans. He concludes that several options that have received considerable attention and support are not viable as a practical matter -- taking into account amounts of revenue raised and administrative considerations. Those options include taxing capital gains as ordinary income, annual wealth taxes, and broad mark-to-market accounting. Kamin identifies more viable options, including substantially expanding transfer taxes, increasing the tax rate on ordinary income, and taxing -- at least partially -- unrealized gains at death or gift, which may be the most promising.

Table 2

https://taxprof.typepad.com/taxprof_blog/2015/01/kamin-how-to-.html

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Comments

Why discuss "how" to add taxes to the wealthy if there's no reasoned "if or why?" At least it counts as a published paper.

Posted by: Woody | Jan 9, 2015 8:26:27 AM

I am with Woody on this. Absent a "why" I say ho hum.

Posted by: Chris Allen | Jan 12, 2015 3:04:53 PM