Tax Policy

This seminar will examine the structural aspects of a general revenue system, with particular attention to the implications of choosing among the limited range of options for financing the Federal government in the United States. The seminar will include an introduction to the academic, legislative, and judicial history bearing on and leading to the current Federal tax system. Particular attention will be paid to taxation of income from property, and to the related matter of the implications of choices about property income taxation for the distributional burden of the tax system and the degree of inequality. PREREQUISITE: Introduction to Federal Income Taxation. RECOMMENDED: Corporate Finance. UPPER-CLASS WRITING REQUIREMENT: This class may be used to satisfy the requirement. ** A student who fails to attend the initial meeting of a seminar, or to obtain permission to be absent from either the instructor or the Registrar, will be administratively dropped from the seminar. Students who waitlist for a seminar are required to attend the first seminar meeting to be considered for enrollment.