This seminar will deal with tax reform. Its topics will include an examination of the questions of whether the income tax has reached a state that is beyond reform, whether a consumption tax would be an improvement over the current income tax and if so what kind of consumption tax should be adopted to replace the income tax, and whether the social security tax system can be maintained. Prospective students should note that consumption tax aspects of the current income tax, particularly those involving realization and non-recognition, are often the focus of tax planning under the current tax system and attention will be devoted to tax planning ideas and the role that these consumption tax provisions play in devising tax savings plans. Students will be required to write short papers on selected portions of the assigned reading. There will be a take home final examination. This seminar may not be used to satisfy the Advanced Writing Requirement. P: Income Taxation.
Current & Previous Instructors:
|This course is not currently scheduled.|