Professor Joe Bankman has spent years working to harness technology for taxpayers. In today’s episode, he explains what a prepopulated tax return is and why much of the world uses them but the United States does not. We discuss the disruptive power of digital and how it is remaking the tax landscape in favor big multinationals while making it harder for small taxpayers to hide their income. Bankman also offers his perspective on what we can all learn from California’s budget woes and why its situation is both better and worse than that of the nation as a whole.

The pencil question about the song “I Paid My Income Tax Today” comes from a book by Larry Zelenak.

The Tax Maven

[email protected] (Steven Dean, Joe Bankman)

From "I Paid My Income Tax Today" to "The Government Already Knows" (Joe Bankman)

DEC 8, 202018 MIN
The Tax Maven

From "I Paid My Income Tax Today" to "The Government Already Knows" (Joe Bankman)

DEC 8, 202018 MIN

Description

Stanford Law School’s Joe Bankman writes on tax policy topics such as progressivity, consumption tax, and the role of tax in the structure of Silicon Valley start-ups. He has gained wide attention for his work on how government might control the use of tax shelters and has testified before Congress and other legislative bodies on tax compliance problems posed by the cash economy. He has written and spoken extensively on how we might use technology to simplify filing. He also worked with the State of California to create ReadyReturn—a completed tax return prepared by the state that is available to low-income and middle-income taxpayers.

Our student quote is read by Philip Wolf.

Resources:

  1. Professor Bankman’s bio.
  2. Daniel Shaviro’s blog post about his recent visit to the NYU Tax Policy Colloquium
  3. Bankman’s scholarship
  4. Bankman’s podcast about wellness in the legal profession.
  5. Collecting the Rent: The Global Battle to Capture MNE Profits (with Mitchell Kane & Alan O. Sykes) 72 Tax Law Review 197 (2019).
  6. More about the ReadyReturn.
  7. The student quote comes a Tax Notes article written by the student who read it!
  8. The pencil question is from Learning to Love the Form 1040: Two Cheers For The Return-Based Mass Income Tax.