Federal income taxation
by Marvin A. Chirelstein · first published 1977
3mentions
1recommended by
2HN commenters
2014–2021first – last mentioned
50% recommend50% neutral
"[This book] explains the conceptual basis of federal income taxation. It is designed to help students quickly pull together the entire subject for end-of-semester review and provide perspective about where a topic fits within the federal income tax scheme. While focusing on the present income tax, the text provides an explanation of the often-discussed consumption tax and contrasts the two taxes in a note at the end of the volume. The new edition reflects developments since the thirteenth edition, including many changes made by the Tax Cuts and Jobs Act of 2017--the most significant federal t
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…complexity of tax accounting is complexity that's intrinsic to accounting itself. NB: If you want to learn more about the theory of the U.S. tax code, I can't recommend this book enough: http://www.amazon.com/Federal-Income-Taxation-Concepts-Insig...
on “Blow Up the Tax Code and Start Over” ↗…in practice they are probably more trouble than they are worth, and create bad incentives for companies to relocate their operations out of the U.S. [1] I recommend http://www.amazon.com/Chirelsteins-Federal-Income-Taxation-S... for a very approachable introduction to the topic. Don't be scared off by the page-count: it's big type on paperback pages.
on “We Don't Need A Corporate Income Tax” ↗…I don't remember if the professor suggested it as an interesting thing to consider, or if it was in some of the optional supplementary reading he recommended (if so, most likely Chirelstein's book on federal income taxation [1]). Suppose under a conventional tax system there is some total W available and the government takes 10% of that in taxes. Then you end up with the government has 0.1 W and everyone else has 0.9 W.…
on “U.S. inflation rate rises to 13-year high of 5.4%” ↗