Eric Reis

Eric Reis

@ericreis.bsky.social

I'm a law professor focusing on tax and estate planning.

347 Followers 598 Following 42 Posts Joined Nov 2023
2 days ago

My best guess: Even mainstream Ds are starting to believe the (false but ubiquitous) memes that say taxing billionaires would be enough to pay for "the full Europe" of government benefits.

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2 weeks ago

She might wait until closer to the general election, but yes.

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3 weeks ago

Agreed! And also agree that these derivative markets promote manipulation of the underlying market.

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3 weeks ago

Right, but this chart is from that separate derivative market. It's not giving the odds in the underlying market (other than by asking whether those odds will be more than 5%).

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3 weeks ago

If I'm reading the chart correctly, these are "odds of odds." Bettors in one market gave a ~36% chance that bettors in another market would give more than a 5% chance. It's a really weird type of bet, and I'm not defending PM for offering it, but it's not quite as bad as you're thinking.

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1 month ago

The electronic version has a "blizzards" option πŸ€·β€β™‚οΈ

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4 months ago

But measures of inflation *include* housing costs. So if housing costs have increased more than general inflation, then other costs have increased less.

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4 months ago

These also don't seem to account for the scenario where he is the GOP *VP* nominee. Presumably that would add a few points to the total.

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4 months ago

I may be reading this wrong, but the chart seems to track only the change in year-over-year spending. Wouldn't that screen out most of the holiday ramp by showing only the improvement since this time last year?

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6 months ago

Perfect timing! I'm teaching this case tomorrow. Thanks for sharing the video.

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7 months ago

In the screenshot, she suggests that term limits couldn't be imposed on the current justices *even by constitutional amendment.* That seems clearly wrong.

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9 months ago
Preview
I’ll Take Hillary Clinton Over Donald Trump The future of the entire conservative movement is at stake, and a Hillary Clinton victory over Donald Trump might be the only hope of saving it.

thefederalist.com/2016/02/24/i...

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9 months ago

That was the idea: You were creating a trust to protect a spendthrift beneficiary from the beneficiary's own improvidence. Of course, now these trusts are created for responsible beneficiaries too.

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9 months ago

Trust law will likely keep it anchored to its original definition, since a "spendthrift trust" is a very important vehicle in estate planning.

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9 months ago

(I'm referring to the second article, where the man is a Polish citizen and his wife is a U.S. citizen.)

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9 months ago

I know this isn't the point of the article, but something puzzles me. Why were there "visa and work-permit" problems in Ireland and France? He's a citizen of an EU country. Don't both he and his wife have the right to live and work anywhere in the EU?

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9 months ago

They play so many games, though, that of course these 1% probability events crop up every season. It would be more weird in a lower-volume sport like football.

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9 months ago

I'm seeing nostalgia for the "good old days" when pensions were more common. But back then, companies weren't required to fund their pensions! So if your employer went broke, your retirement was destroyed. The 401(k)s that replaced pensions are flawed too, but their risks are more transparent.

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9 months ago

I do wonder, though, if excluding all tax legislation may eliminate more than you intend. For example, the Earned Income Tax Credit takes the form of a tax provision, but substantively is equivalent to a cash payment to the working poor. Republicans voted to expand that under Reagan.

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9 months ago

Medicare Part D? You could argue that it was unnecessarily complicated, or that a Democratic approach would have been better. But it does seem to meet your definition.

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10 months ago

Applying the broader criteria of your prior comment (including textualism etc.) Bostock might fit. You could argue that Gorsuch and Roberts were OK with the result, but Roberts dissented in Obergefell so πŸ€·β€β™‚οΈ.

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1 year ago

Here is a great new account that will do important public service by letting us read the filings that journalists don’t like and by stopping me from unproductive violence re same

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1 year ago

I'm not finding the original post when I search for it online, so this may not be real.

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1 year ago

This is the week or so when the Senate will hold confirmation hearings, though, and some nominees may feature heavily in the report. Still probably won't matter, but it's a more important week than most.

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1 year ago

I agree with your broader point, but would collection-plate donations satisfy the Duberstein test if churches weren't otherwise exempt? The sermon, choir, etc. would seem to be services, and of course even voluntary payments (like tipping a restaurant server or musician) can be income.

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1 year ago

"Two Kansas counties β€” Wichita and Hodgeman, in west-central Kansas β€” have no attorneys at all. Seven more have no attorneys under the age of 60."

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1 year ago
Guaranteed Wealth? A New Way of Thinking About the Gift Tax Treatment of Loan Guarantees | Florida Tax Review

I wrote last year about how very-high-net-worth individuals create generational wealth by guaranteeing their children's debts. It's been on hold for a little while but I'm pleased to report that Florida Tax Review just published it! Feedback welcome. journals.upress.ufl.edu/ftr/article/...

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1 year ago

Congratulations!

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1 year ago

For the clarification list: Maybe this is inherent in the distinction between a pardon and commutation, but a president should still have the power to commute a death sentence, even while a lame duck, and even if the sentence would otherwise be carried out within 30 days.

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1 year ago

A tax credit can be "refundable." If it exceeds your tax liability, the government writes you a check for the difference.

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