The New York Times has a fascinating story this morning about family cemeteries, focusing on the descendants of Standard Oil Trust co-founder Charles Pratt. According to the Times:

The House Republicans’ plan for a “destination-based cash flow tax” is generating lots, lots, lots of attention. The basic premise is as follows: A 20% tax would…

Economist Robert Frank writes in this morning’s New York Times:

Republicans have promised to replace Obamacare with something better. Everyone, Mr. Trump included…

Donald Trump says he wants to repeal the estate tax but retain stepped-up basis for the first $10 million of gains. The tax plan on his campaign website says nothing about the…

[Note: This post is co-authored with David Herzig, Professor of Law at Valparaiso University School of Law, and cross-posted on the Surly Subgroup.]

Via David Leonhardt, Nick Bagley appears to suggest that Congress could repeal the individual responsibility payment (aka, “the mandate”) in the affordable care act without collapsing the act. The problem, again, is adverse selection: if insurers must cover you (“guaranteed issue”), and…

It’s been reported that the incoming cabinet, if confirmed, would be the wealthiest ever. I haven’t checked the math on that one; Andrew Mellon was one of the three or four richest Americans in 1921 when he joined the…