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Table Of Contents

A. An Example
B. The Income Tax
C. Two Forms of Consumption Tax
D. Two Conditions of Equivalence
1. Constant Tax Rates
2. Constant Rates of Return
E. The Treatment of Debt
III. A PROBLEM OF UNDERSTANDING
A. Means and Ends
B. The Traditional Logic of Tax
C. The Modern Income-Versus-Consumption Debate
1. The Case for Consumption
2. The Income Empire Strikes Back
3. Why It Matters
D. Two Political Takes
E. Three Neutralities
1. Why Even Care About Neutrality?
2. Three Taxes, Three Neutralities
IV. A NEW UNDERSTANDING OF TAX
A. Two Norms
1. A Note on Reflective Equilibrium
2. The Norms of Capital
B. Two Uses of Capital
1. An Untypical Picture of a Typical Life
2. Smoothing Transactions
3. Shifting or Enhancing (Diminishing) Transactions
C. Progressivity
D. Debt, Again
E. Vickrey’s Cumulative Lifetime Averaging, Compared
A. Structural Gaps
1. Tax Planning 101
2. An Example
3. The Practical Facts of the Matter
B. Ad Hoc Deviations
1. Retirement Savings
2. More and More
C. Tax Shelters and the Noble Failure of TRA 86
1. Some Quick and Dirty Examples
A. Payroll Taxes
B. Death — to the Rescue?
C. Corporate Taxes Too
D. State and Local Taxes
E. Summing Up: A Voluntary Tax
VII. THE FAIR TIMING OF TAX
A. A Better, If Less Sophisticated, Argument
B. Transitions, Implementation, and Objections
1. Implementation
2. The Role of Other Taxes
3. The New Achilles Heel
4. Capital as Power
5. Transitions
1. We Have an Income Tax
3. Consumption Taxes Are Flat Taxes
4. All Consumption Taxes Are Created Equal
D. Tax Matters
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Tax Law Article

Tax Law Article

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Published by Karen Zhou

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Published by: Karen Zhou on Feb 10, 2012
Copyright:Attribution Non-commercial

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