The wealthy get a free lunch on capital gains taxes. Let’s fix that. VIDEO SOURCES.

How could changing capital gains taxes more revenue?

Grace Enda and William G. Gale. 2020 1 14. Brookings.

https://www.brookings.edu/blog/up-front/2020/01/14/how-could-changing-capital-gains-taxes-raise-more-revenue/

The rich benefit as Democrats retreat from tax on unrealized capital gains

Greg Iacurci. CNBC. 2021 12 29.

https://www.cnbc.com/2021/12/29/the-rich-benefit-as-democrats-forgo-tax-on-unrealized-capital-gains.html

The Many Problems With Taxing Unrealized Capital Gains

Elisabeth Dellinger. 2021 10 25. Fisher Investments.

https://www.fisherinvestments.com/en-us/marketminder/the-many-problems-with-taxing-unrealized-capital-gains

Investment Income and Racial Inequality

Joe Hughes and Emma Sifre. 2021 10 14. Institute on Taxation and Economic Policy.

The Billionaires’ Income Tax Is the Latest Proposal to Reform How We Tax Capital Gains

Steve Wamhoff. 2021 9 28. ITEP.

Capital Gains Tax Preference Should Be Ended, Not Expanded

Galen Hendricks and Seth Hanlon. 2020 9 28. CAP.

https://www.americanprogress.org/article/capital-gains-tax-preference-ended-not-expanded/

What is the Impact of Opportunity Zones on Employment?

Rachel M. B. Atkins et al. 2021. NYU Stern School of Business.

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3673986

Capital Gains Taxes:
An Overview of the Issues

Jane G. Gravelle. 2022 5 24. Congressional Research Service.

https://crsreports.congress.gov/product/pdf/R/R47113/2

Biden Proposal Would Eliminate Tax-Free Treatment for Much of Wealthiest Households’ Annual Income

Samantha Jacoby. 2022 5 6. Off the charts.

https://www.cbpp.org/blog/biden-proposal-would-eliminate-tax-free-treatment-for-much-of-wealthiest-households-annual

Mark-to-Market Taxation of Capital Gains

Jane G. Gravelle. 2022 3 29. Congressional Research Service.

https://sgp.fas.org/crs/misc/IF11957.pdf

Tax Treatment of Capital Gains at Death

Jane G. Gravelle. 2021 6 4. Congressional Research Service.

https://crsreports.congress.gov/product/pdf/IF/IF11812

Recent Changes in the Estate and Gift Tax
Provisions

Jane G. Gravelle. 2021 10 19. Congressional Research Service.

https://sgp.fas.org/crs/misc/R42959.pdf

Income Tax vs. Estate Tax: Minimizing Your Overall Tax Burden

Taylor Custis. 2022 6 10. Fiduciary Trust.

https://www.fiduciarytrust.com/article-pages/trust-estate–tax-planning/finding-the-tax-planning-sweet-spot-navigating-income-and-estate-tax

Taxing Unrealized Gains Still a Bad Idea

S-Corp. 2022 3 28.

Policy Options for Taxing the Rich

Lily Batchelder and David Kamin.

file:///C:/Users/ajk13/Downloads/SSRN-id3634117.pdf

Why a wealth tax in the United States might increase efficiency

Somin Park. 2019 10 10. Washington Center for Equitable Growth.

Progressive Wealth Taxation

Emmanuel Saez and Gabriel Zucman. Fall 2019. Brookings Papers on Economic Activity.

https://www.brookings.edu/wp-content/uploads/2020/10/Saez-Zuchman-final-draft.pdf

HOW SHOULD CAPITAL BE TAXED?

Spencer Bastani and Daniel Waldenstrom. 2020. Journal of Economic Surveys.

https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/joes.12380

Taxing Our Wealth

Florian Scheuer and Joel Slemrod. 2021. Journal of Economic Perspectives.

https://pubs.aeaweb.org/doi/pdf/10.1257/jep.35.1.207

15 Ways Rich People AVOID Paying Taxes

Alux.com. 2021 5 23.

The relationship between taxation and U.S. economic growth

Corey Husak. 2021 6 30. Washington Center for Equitable Growth.

Taxing the rich more—evidence from the 2013 federal tax increase

Emmanuel Saez. 2016 11 3. Washington Center for Equitable Growth.

Behavioral Responses to Wealth Taxes:
Evidence from Switzerland

Marius Bruhart et al. 2019 10 14. CESifo Working Paper.

https://www.econstor.eu/bitstream/10419/207299/1/cesifo1_wp7908.pdf

Behavioural responses to a wealth tax

Arun Advani and Hannah Tarrant. 2021. Fiscal Studies.

https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/1475-5890.12283

The economic arguments for and against a wealth tax

Stuart Adam and Helen Miller. 2021. Fiscal Studies.

https://onlinelibrary.wiley.com/doi/pdf/10.1111/1475-5890.12288

Why were most wealth taxes abandoned and is thistime different?

Sarah Perret. 2021. Fiscal Studies.

https://onlinelibrary.wiley.com/doi/pdf/10.1111/1475-5890.12278

How Americans Avoid Taxes

2022 5 16. CNBC.

Does a Wealth Tax Improve Equality of Opportunity?
Evidence from Norway

Kristoffer Berg and Shafik Hebous. 2021. IMF Working Paper.

https://www.sipotra.it/wp-content/uploads/2021/03/Does-a-Wealth-Tax-Improve-Equality-of-Opportunity-Evidence-from-Norway.pdf

Investor asset valuation under a wealth tax and a capital income tax

Petter Bjerksund and Guttorm Schjelderup. 2022. International Tax and Public Finance.

https://link.springer.com/article/10.1007/s10797-021-09691-0

A wealth tax at work

Thor O. Thoresen et al. 2021. Statistics Norway, Research Department, Oslo.

https://www.econstor.eu/bitstream/10419/250127/1/DP960.pdf

Mark-to-Market (or Wealth) Taxation in the U.S.: Evidence from Options

Paul Mason and Steven Utke. 2021 7 14.

https://acfr.aut.ac.nz/__data/assets/pdf_file/0019/530830/2021-07-14-Taxes-and-MTM.pdf

Overreaction to Capital Taxation in Saving Decisions

Kelin Lu. 2022 4.

https://www.researchgate.net/profile/Kelin-Lu/publication/353100954_Overreaction_to_Capital_Taxation_in_Saving_Decisions/links/62726b75107cae2919883bbc/Overreaction-to-Capital-Taxation-in-Saving-Decisions.pdf

Amazon Mechanical Turk

Wikipedia.

https://en.wikipedia.org/wiki/Amazon_Mechanical_Turk

An Annual Wealth Tax: Pros and Cons

Robin Boadway and Pierre Pestieau. 2021. UCLouvain.

https://dial.uclouvain.be/pr/boreal/object/boreal%3A254856/datastream/PDF_01/view

How the Wealthy Use Depreciation to Reduce Taxes

Grant Cardone. 2022 1 24. Cardone Zone.

The Mirrlees Review: A Proposal for
Systematic Tax Reform

Richard Blundell. 9 2022. National Tax Journal.

https://d1wqtxts1xzle7.cloudfront.net/30745852/A06_Blundell_F1_-with-cover-page-v2.pdf?Expires=1666792033&Signature=gA2~fBsZQ1jbBsmAJLQkCDW4o9IRhXYc9Ca561OQDWimRh5HBUWKL0gMR5R5ZdbDSPif4~cP5vae-3aC1nZMY~CyitLREU9IaVrl5VHTiGH8Vzrx8kdXNF0~ZBIoyXkknNbIdRKZx1XT7JodjCXCPXeaoV9mh7CzJBU59Kg-DhwmFyClQIgMPgL1vN3aLFE74fiDrbrIgIqRWpkyzFilBDcmLbvHrVtPc9E9CwSDuBn8Vc3w3~dlLVvG3Gs0r0yVkH3QOljZK3lxta~PvKb9JV3jzdY3oQcIN~BJe25Cd-FQvek42~RnbiuwAoSlUX5UwI8mLo6G6Vmy4rYK4P2dCA__&Key-Pair-Id=APKAJLOHF5GGSLRBV4ZA

The Intergenerational Equity Case for a Wealth Tax

Daniel Schaffa. 2022. U. Cin. L. Rev.

https://scholarship.richmond.edu/cgi/viewcontent.cgi?article=2651&context=law-faculty-publications

Taxing Wealth and Capital Income
when Returns are Heterogeneous

Fatih Guvenen et al. 2022 5 27.

http://www.pseweb.eu/ydepot/seance/514829_GKKO-THEORY-2022-WEB%20copy.pdf

Use It or Lose It: Efficiency and
Redistributional Effects of Wealth Taxation

Fatih Guvenen et al. 9 2022.

https://static1.squarespace.com/static/6246570e617f1d3daf55e1c1/t/6335fb4e78176232d749ba2f/1664482127513/GKKOC_2022_QJE_Revision1_FINAL.pdf

INTAXMOD – Inheritance and Gift Taxation
in the Context of Ageing

Alexander Krenek et al. 2022. WIFO Working Papers.

https://www.econstor.eu/bitstream/10419/253294/1/1799837343.pdf

Solving the Valuation Challenge:
The ULTRA Method for Taxing Extreme Wealth

Brian Galle et al. 2023. Duke Law Journal.

https://deliverypdf.ssrn.com/delivery.php?ID=263005086004121074119072022090070105003034008042017092107007074077094009102119126091028050096020029036111012084001092097120007018007044086045087004120102124124065067013024089021002125092119102022002102092111081126086099067098020066108066072093102026&EXT=pdf&INDEX=TRUE

Would a “Wealth Tax” Help Combat Inequality? A Debate with Saez, Summers, and Mankiw

2019 10 18. Peterson Institute for International Economics.

Wealth Taxation and Household Saving:
Evidence from Assessment Discontinuities in Norway

Marius A. K. Ring. 2021 11 7.

https://mariusring.github.io/web/Ring_wealth_tax.pdf

Optimal Taxation of Capital Income with
Heterogeneous Rates of Return

Aart Gerritsen et al. 2020. CESifo Working Paper.

https://www.econstor.eu/bitstream/10419/223467/1/cesifo1_wp8395.pdf

Distributional Effects of a Wealth Tax under
Lifetime-Dynastic Income Concepts

Elin Halvorsen and Thor O. Thoresen. 2020. Scandinavian Journal of Economics.

https://ssb.brage.unit.no/ssb-xmlui/bitstream/handle/11250/2642070/Halvorsen_Thoresen_distributional%20effects.pdf?sequence=4

An assessment of wealth taxes in a joint income-wealth
perspective

Sarah Kuypers. 10 2020. EUROMOD Working Paper.

https://www.econstor.eu/bitstream/10419/259506/1/173529084X.pdf

TAXING BILLIONAIRES:
ESTATE TAXES AND THE GEOGRAPHICAL LOCATION OF THE ULTRA-WEALTHY

Enrico Moretti and Daniel J. Wilson. 2020. National Bureau of Economic Research.

https://www.nber.org/system/files/working_papers/w26387/w26387.pdf

Tax Reform for Progressivity:
A Pragmatic Approach

Natasha Sarin et al. 2020.

https://www.brookings.edu/wp-content/uploads/2020/01/SarinSummers_LO_FINAL.pdf

Taxing Wealth

Greg Leiserson. 2020. The Hamilton Project: BROOKINGS.

https://www.hamiltonproject.org/assets/files/Leiserson_LO_FINAL.pdf

Should Only the Richest Pay More?

Alex Raskolnikov. 9 2022.

https://www.law.nyu.edu/sites/default/files/raskolnikov.pdf

Chuck Collins; , The Wealth Hoarders; How Billionaires Pay Millions to Hide Billions

Joseph Rensin. 2021 5 6. Rob Kall Bottom-up Show.

Escape or Play Again? How Retiring
Entrepreneurs Respond to the Wealth Tax

Laurent Bach et al. 12 2020. Paris School of Economics.

https://www.parisschoolofeconomics.com/bozio-antoine/fr/documents/BBGM_isf_2020.pdf

Tax Evasion and Capital Taxation

Shahar Rotbert and Joseph B. Steinberg. 2022 5 19.

https://www.joesteinberg.com/pdf/Wealth_tax_evasion

Wealth Taxes and Inequality

Nicola Borri and Pietro Reichlin. 2019 1 15. SSRN.

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3217067

Do Assets Put in Trusts Avoid Estate Taxes?

C. Tucker Cheadle: A Law Corporation.

https://www.cheadlelaw.net/do-assets-put-in-trusts-avoid-estate-taxes.htm

How to avoid estate taxes with trusts

Judy Martel. Bankrate.

https://www.bankrate.com/finance/taxes/estate-taxes-trusts-1.aspx

5 Ways the Rich Can Avoid the Estate Tax

Amanda Dixon. 2022 8 26. Smartasset.

https://smartasset.com/taxes/5-ways-the-rich-can-avoid-the-estate-tax

How to Avoid Estate Taxes Using Trusts

Wyoming LLC Attorney.

https://wyomingllcattorney.com/Blog/How-to-Avoid-Estate-Taxes-Using-Trusts

It’s Time to Redistribute the Wealth | That’s Debatable

Intelligence Squared Debates. 2020.

The (Only) 3 Reasons You Should Have an Irrevocable Trust

Daniel A. Timins. 2022 6 7. Kiplinger.

https://www.kiplinger.com/retirement/estate-planning/601127/the-only-3-reasons-you-should-have-an-irrevocable-trust

5 potential benefits of setting up a trust

USBank.

https://www.usbank.com/wealth-management/financial-perspectives/trust-and-estate-planning/benefits-of-setting-up-a-trust.html

Putting Your Home in a Trust: Pros & Cons

Jones O Benchain, LLP. 2022 9 29.

https://jonesobenchain.com/resources/blog/putting-your-home-in-a-trust-pros-and-cons/

Ending tax avoidance, evasion and money laundering through private trusts

ACOSS policy briefing. 2017 11. ACOSS.

https://www.acoss.org.au/ending-tax-avoidance-evasion-and-money-laundering-through-private-trusts/

More Than Half of America’s 100 Richest People Exploit Special Trusts to Avoid Estate Taxes

Jeff Ernsthausen et al. 2021 9 28. ProPublica.

https://www.propublica.org/article/more-than-half-of-americas-100-richest-people-exploit-special-trusts-to-avoid-estate-taxes

How to Avoid Estate Tax?

Hutch Ashoo and Chris Snyder. 2021 11 2. Pillar: Wealth Management, LLC.

News / Newsletters / Publications

Lindsey Smith and John Tullio. CAVITCH FAMILO & DURKIN.

https://cavitch.com/publication/the-family-gift-trust/

Taxing Capital Gains at Death at A Higher Rate Than During Life

Steven M. Rosenthal. 2022 5 13. Tax Policy Center.

https://www.taxpolicycenter.org/taxvox/taxing-capital-gains-death-higher-rate-during-life

How The Rich Use The Buy, Borrow Die Strategy To Avoid Large Tax Bills

David Rae. 2022 7 14. Forbes.

https://www.forbes.com/sites/davidrae/2022/07/14/how-the-rich-use-the-buy-borrow-die-strategy-to-avoid-large-tax-bills/?sh=6c60e6e618a9

Don’t Delay—Proposed Changes to Estate Tax Law Aim to Eliminate Step-Up in Basis

Ivan J. Schell. 2021 8 23. MCBRAYER.

https://www.mcbrayerfirm.com/blogs-estate-planning-blog,changes-to-step-up-basis

Ways and Means Committee Advances Tax Package

Chris Clayton. 2021 9 16. Progressive Farmer.

https://www.dtnpf.com/agriculture/web/ag/news/world-policy/article/2021/09/16/bill-keeps-stepped-basis-raises-tax

Step Up In Basis – What’s Estate Tax Inclusion Got To Do With It?

Stewart W. Fleisher. COBAR.

https://www.cobar.org/Portals/COBAR/Repository/Sections/TE/newsletter/Step%20Up%20In%20Basis.pdf

Fact Sheet: The Estate (Inheritance) Tax

2014 Tax Fairness Briefing Booklet. Americans For TAxFairness.

https://americansfortaxfairness.org/tax-fairness-briefing-booklet/fact-sheet-the-estate-inheritance-tax/

It’s Not Just Income Taxes. Billionaires Don’t Pay Inheritance Taxes Either.

Michael Mechanic. 2021 6. Mother Jones.

It’s Not Just Income Taxes. Billionaires Don’t Pay Inheritance Taxes Either.

Michael Mechanic. 2021 6 11. Mother Jones.

How Congress Made Sure the Rich Retire in Luxury—at Taxpayer Expense

Michael Mechanic. 4 2022. Mother Jones.

Taxing Billionaires Is Long Overdue, But There’s a Better Way to Do It

Michael Mechanic. 2021 10 27. Mother Jones.

Leveling the Playing Field between
Inherited Income and Income from
Work through an Inheritance Tax

Lily L. Batchelder. New York University School of Law. Hamilton Project.

https://www.hamiltonproject.org/assets/files/Batchelder_LO_FINAL.pdf

Briefing Book

Tax Policy Center. 2020 5.

https://www.taxpolicycenter.org/briefing-book/who-pays-estate-tax

Briefing Book: How could we reform the estate tax?

Tax Policy Center: Urban Institute & Brookings Institution.

https://www.taxpolicycenter.org/briefing-book/how-could-we-reform-estate-tax

Rethinking the Estate and Gift Tax

Joel Slemrod and William G. Gale. 2001 3 1. Brookings.

https://www.brookings.edu/research/rethinking-the-estate-and-gift-tax/

Behavioural
responses to a
wealth tax

Arun Advani and Hannah Tarrant. Wealth Tax Commission.

                                                        2021 10 25. Fiscal Studies.

https://www.wealthandpolicy.com/wp/EP5_BehaviouralResponses.pdf

https://onlinelibrary.wiley.com/doi/10.1111/1475-5890.12283

Behavioral Responses to Wealth Taxes: Evidence from Switzerland

Marius Brulhart et al. 11 2022. American Economic Journal: Economic Policy.

https://www.aeaweb.org/articles?id=10.1257/pol.20200258

Behavioral Responses to Wealth Taxes: Evidence from Sweden.

David Seim. 2017. American Economic Journal: Economic Policy.

https://www.jstor.org/stable/26598358

Biden signs Inflation Reduction Act into law, setting 15% minimum corporate tax rate

Chelsey Cox. 2022 8 16. CNBC.

https://www.cnbc.com/2022/08/16/watch-live-biden-to-sign-inflation-reduction-act-into-law-setting-15percent-minimum-corporate-tax-rate.html

President Biden signs major reconciliation tax bill

Dustin Stamper and Joey Connor. 2022 8 16. GrantThornton.

https://www.grantthornton.com/insights/alerts/tax/2022/legislative-updates/president-biden-signs-major-reconciliation-tax-bill

Biden Tax Policy After 1 Year

Kyle Pomerleau. 2022 1 26. AEI.

Inequality – how wealth becomes power (1/3) | DW Documentary

DW Documentary. 2018.

How much revenue has the U.S. government collected this year?

Treasury. 2022.

https://fiscaldata.treasury.gov/americas-finance-guide/government-revenue/

What are the sources of revenue for the federal government?

Tax Policy Center: Urban Institute & Brookings Institution.

https://www.taxpolicycenter.org/briefing-book/what-are-sources-revenue-federal-government

Taxing wealth by taxing investment income: An introduction to mark-to-market taxation

Greg Leiserson and Will McGrew. 2019 9 11. Washington Center for Equitable Growth.

Mark-To-Market Taxation As The Way To Save The Income Tax—A
Former Administrator’s ViewFormer Administrator’s View

Clarissa Potter. 1999. Valparaiso University Law Review.

https://core.ac.uk/download/pdf/303858461.pdf

What is Form 6781: Gains and Losses from Section 1256 Contracts and Straddles?

TurboTax.

https://turbotax.intuit.com/tax-tips/investments-and-taxes/what-is-form-6781-gains-and-losses-from-section-1256-contracts-and-straddles/L2rfcJXT9

Original Issue Discount Tutorial

Wall Street Concepts. Fis.

https://www.wsc.com/portal/hps/oid_tutorial.html

Income Tax, Gift & Estate Tax Issues
Tips for Art Collectors & Artists

ArtBusiness.com.

https://www.artbusiness.com/estax.html

Valuing Art for Tax Purposes

Alan Breus. Journal of Accountancy.

https://www.journalofaccountancy.com/issues/2010/jul/20092096.html

Leave a Reply

Your email address will not be published. Required fields are marked *