LEADER 03046nam 22003613a 450 001 9910832949103321 005 20250123132209.0 035 $a(CKB)4950000000290319 035 $a(ScCtBLL)ff9c564b-81c3-45ee-8bcf-fe0f629fde94 035 $a(OCoLC)1000369107 035 $a(EXLCZ)994950000000290319 100 $a20250123i20162016 uu 101 0 $aeng 135 $auru|||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 00$aU.S. Federal Income Taxation of Individuals 2016$fDeborah Geier 205 $a3 ed. 210 1$a[s.l.] :$cCALI eLangdell Press,$d2016. 215 $a1 online resource (775 p.) 330 $aThis is the third version of this textbook, updated through December 2015 for use beginning January 2016.This textbook is not intended to be an exhaustive treatise; rather, it is intended to be far more useful than that for beginning tax law students by equipping the novice not merely with unmoored detail but rather with a rich blueprint that illuminates the deeper structural framework on which that detail hangs (sometimes crookedly). Chapter 1 outlines the conceptual meaning of the term "income" for uniquely tax purposes (as opposed to financial accounting or trust law purposes, for example) and examines the Internal Revenue Code provisions that translate this larger conceptual construct into positive law. Chapter 2 explores various forms of consumption taxation because the modern Internal Revenue Code is best perceived as a hybrid income-consumption tax that also contains many provisions-for wise or unwise nontax policy reasons-that are inconsistent with both forms of taxation. Chapter 3 then provides students with the story of how we got to where we are today, important context about the distribution of the tax burden, the budget, and economic trends, as well as material on ethical debates, economic theories and politics as they affect taxation.Armed with this larger blueprint, students are then in a much better position to see how the myriad pieces that follow throughout the remaining 19 chapters fit into this bigger picture, whether comfortably or uncomfortably. For example, they are in a better position to appreciate how applying the income tax rules for debt to a debt-financed investment afforded more favorable consumption tax treatment creates tax arbitrage problems. Congress and the courts then must combat these tax shelter opportunities (sometimes ineffectively) with both statutory and common law weapons. Stated another way, students are in a better position to appreciate how the tax system can sometimes be used to generate (or combat) unfair and economically inefficient rent-seeking behavior. 606 $aLaw / Taxation$2bisacsh 606 $aLaw 615 7$aLaw / Taxation 615 0$aLaw. 700 $aGeier$b Deborah$01787010 801 0$bScCtBLL 801 1$bScCtBLL 906 $aBOOK 912 $a9910832949103321 996 $aU.S. Federal Income Taxation of Individuals 2016$94319608 997 $aUNINA