Public Finance

This post reviews recent federal government efforts, through the IRS and legislation, to close the $1 trillion gap between cryptocurrency taxes owed and those actually paid. Continue Reading →

How does the market in non-fungible tokens (NFTs) operate and how are the often extraordinary proceeds taxed? Read on to find out. Continue Reading →

The rise of the gig economy has brought increasing concerns about tax compliance. Two recent changes to tax reporting rules — the comeback of Form 1099-NEC and a reduction in the reporting threshold of Form 1099-K — have important implications for the sharing economy sector. Continue Reading →

Special purpose acquisition companies (SPACs), which are commonly known as a type of “blank-check company,” have experienced a massive surge in popularity over the last year. Given their rising numbers, this blog post discusses how they work and some of the key income tax considerations that are often overlooked. Continue Reading →

The $1.9 trillion American Rescue Plan Act, which became law in mid-March, left out the mandate to increase the federal minimum wage to $15 per hour, but it did lead to a promising, open policy discussion about current minimum wage standards. In this blog post, public finance fellow Joyce Beebe considers some of the pros and cons of increasing the minimum wage and possible future developments. Continue Reading →

The discussion about Robinhood and its retail traders would not be complete without mentioning the recent GameStop stock trading frenzy. This blog post — the second in this series — will consider what happened and what kind of tax policy proposals are being proposed as a result. Continue Reading →

With many workers spending more time at home, the pandemic has led to the rise of online trading — the buying and selling of assets through a brokerage’s internet-based platform. This comes with a whole host of important tax considerations, many of which may be unfamiliar for new traders. Continue Reading →