Tax Policy

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LAW 6224
2 credit hour(s)
Elective

Concerns the policy aspects of taxation, especially federal income taxation. Topics include the broad structure of the federal system of taxation and of the political forces shaping it; the effect of untaxed “imputed” income; whether the tax system should provide for progressive or “flat” rates; tax issues arising from marriage and other family relationships; whether some form of consumption taxation should replace the federal income tax; estate taxes; the proper income tax treatment of property passing at death; the concept of “tax expenditures;” the proper tax treatment of personal injury awards; the proper federal tax treatment of a taxpayer’s state and local taxes; whether income earned by a corporation and subsequently distributed as dividends should be taxed to both the corporation and the shareholders; whether capital gains should be taxed differently from ordinary income; and how to deal with the distorting effects of inflation in the measurement of taxable income.

This is an elective course.

Prerequisites
Federal Income TaxationLAW 63233 credit hour(s)
Concentrations
Taxation