December issue of the NTJ (2019)

The new issue of the NTJ is now available online:

The Geometry of International Tax Planning After the Tax Cuts and Jobs Act: A Riff on Circles, Squares, and Triangles

Michael P. Donohoe, Gary A. McGill, and Edmund Outslay

Macroeconomic Effects of Reducing OASI Benefits: A Comparison of Seven Overlapping-Generations Models

Jaeger Nelson and Kerk Phillips

Rethinking the Green New Deal: Using Climate Policy to Address Inequality

Aparna Mathur

States’ Addiction to Sins: Sin Tax Fallacy

Lucy Dadayan

Taxing Wealth in an Uncertain World

Daniel Hemel

The Barriers Created by Complexity: A State-by-State Analysis of Local Sales Tax Laws in Light of the Wayfair Ruling

Whitney B. Afonso

After Wayfair: What Are State Use Taxes Worth?

John L. Mikesell and Justin M. Ross

Digital Services Taxes: Principle as a Double-Edged Sword

John Vella

The Superiority of the Digital Services Tax Over Significant Digital Presence Proposals

Wei Cui

Superiority of the VAT to Turnover Tax as an Indirect Tax on Digital Services

Karl Russo

*The Lifecycle of the 47 Percent*

My previous post covered David Splinter’s “Who Pays No Tax”¬†and so I’d like to point to another June publication, this one in the National Tax Journal, by Don Fullerton (University of Illinois at Urbana-Champaign) and Nirupama Rao (University of Michigan) on “The Lifecycle of the 47 Percent“, which of course refers to the Americans with no federal income tax liability. The highlights are in the abstract:

News that 47 percent of Americans in 2009 paid no federal income tax drew considerable attention. For a longer view of not paying tax and of receiving transfers, we use the Panel Survey of Income Dynamics. Over all individuals, we find that 68 percent owe no income tax at least one year, of which 21 percent pay the following year and 45 percent pay within five years. Also, overall, 60 percent receive transfers other than Social Security at least one year, of which nearly 47 percent stop the next year and more than 94 percent stop within 10 years.

The paper is gated at the link but seems to be ungated here.