ProPublica gives a detailed report about a little-noticed consequence of the oil spill that led to an Ig Nobel Chemistry Prize. The ProPublica report begins: A Massive Oil Spill Helped One Billionaire Avoid Paying Income Tax for 14 Years After the Deepwater Horizon offshore drilling rig exploded in 2010, environmentalists surveying the damage in the […]
Tag: taxes
Economics experiments involving death and taxes
An essay by John Carney on MSNBS’s NetNet blog looks at several experiments involving the relationship between death and taxes. The newest experiment, like several of the old ones, is being conducted in the United States. The essay does not fail to mention the study that earned the 2001 Ig Nobel Prize in economics (but […]
Ig winner’s death/taxes oddity imminent
Reuters columnist Amy Feldman of Reuters analyzes: Estate taxes affect very few people [in the US], but for those with seven- or eight-figure estates that are impacted, the end of this [particular and very peculiar] year is a crazy, crazy time… “Whether somebody dies December 31st or January 1st makes a huge difference because the […]
Slemrod sees US tax/death experiment
Ig Nobel Prize winner Joel Slemrod (of the University of Michigan) celebrates/rues/assesses a grand US government experiment that will test his prize-winning theory: A few years ago I called Marc Abrahams offering to return my 2001 Ig Nobel Prize in economics (won jointly with Wojciech Kopczuk [of Columbia University). Our prize-winning research showed that when […]