clintwallace

Tax Prof. @UofSCLaw, co-founder @All_Good_Books — interests: tax law & policy, running (F3-Quickbooks), reading, tacos, chips, salsa, Gamecocks, Wolverines

[Francisco Goya @artistgoya]

Truth has died, plate 79 from The Disasters of War, 1815 #artbots #goya

[Paul Caron @SoCalTaxProf]

.@clintwallace (@UofSCLaw) Reviews Taxation, Citizenship And Democracy In The 21st Century https://t.co/D7uY5JU9K5

[Paul Caron @SoCalTaxProf]

.@clintwallace (@UofSCLaw) Presents The Populist Income Tax Today At @OxfordTax https://t.co/Bw1l43yYET

[dawnstaley @dawnstaley]

Appreciate you for choosing to support our local bookstore! Enjoy!! 🥰🥰🥰

[Paul Caron @SoCalTaxProf]

The Past and Future of Taxing "Incomes", 104 @NCLRev ___ (2025) https://t.co/4Giwr4rbyL

by @clintwallace (@UofSCLaw) & Bret Wells (@UHLAW)

[Paul Caron @SoCalTaxProf]

Brief Of Amici Curiae Tax Professors In South Carolina @amazon Case https://t.co/Y2peqtImx7

by @clintwallace & Tessa Davis (@UofSCLaw)

[John Monk @jmonkatthestate]

A night to remember — Friday two of the finest reporters at the Murdaugh murder trial - Avery Wilks and WSJ’s Valerie Bauerlein — talk about Valerie’s new Murdaugh book - The Devil At His Elbow - at All Good Books in Columbia SC. Easily the best SC book since Pat Conroy!

[clintwallace @clintwallace]

@kayewhitehead Cc @TrevorThomasMI (!!!)

[Francine Lipman @Narfnampil]

In the room where tax law happens! Happy to participate today with awesome colleagues @islandtaxprof @clintwallace @BU_Law @SCarolinaLaw thanks to Profs Mazur & Bird Pollan et al. Applause to Prof @strokesandnotes Winchester @orlymazur @SMULawSchool @jbirdpollan @ukcollegeoflaw

[F3 Columbia @F3Columbia]

Another successful Cold Brew Half(ish) Marathon is in the books! A great time was had by all and this year's charity we're donating to is the Leukemia Lymphoma Society.

Thank you for all you do @jslybrand @clintwallace.

#finishstrongforSyd

[Jesse Eisinger @eisingerj]

Wild:

“For the first time in nine editions of the report, billionaires have accumulated more wealth through inheritance than entrepreneurship, indicating that the great wealth transfer is gaining momentum.”

https://t.co/HXaqdzPcr3

[clintwallace @clintwallace]

I didn’t see it as overreach @ssheffrin ! Lots of non realization taxation is needed for the income tax to function fairly.

https://t.co/rxXLpBjepD

[Steven Sheffrin @ssheffrin]

@clintwallace Without the 9th Circuit overreach none of this would have occurred but many tax profs had cheered the 9th Circuit ruling

[clintwallace @clintwallace]

Also, I read them all and can attest: lots of shoddy arguments echoed across the 25 (!!) Amicus briefs on that side, so def seemed like they were working from the same talking points. Orgs included Manhattan Institute, Cato, pacific research institute, Liberty justice center, etc

[clintwallace @clintwallace]

The Supreme Court received a flood of Amicus briefs in the Moore case being argued tomorrow that fit this profile — looked like a very well funded and coordinated effort to support think-tank created policy making in the form of a tax case. Not good.

https://t.co/MiIyaSwvpW

[clintwallace @clintwallace]

Some good books I like! https://t.co/PAPVi8TEx0

Check them out @All_Good_Books

[clintwallace @clintwallace]

@BenMathisLilley Nailed it. Get this additional evidence on an OSU message board asap.

[clintwallace @clintwallace]

Important notethe Moore brief from @TaxLawCenterNYU @rebeccakysar @AriGlogower @davidckamin & Darien Shanske: ""In the 103 years since the case was decided, this Court has never used Macomber to invalidate a tax outside of stock dividends. Quite the opposite: ... 1/

[clintwallace @clintwallace]

... without the authority to determine when realization is required and when it can be disregarded, Congress would lose the power to lay and collect taxes on ALL incomes.” 3/3

[clintwallace @clintwallace]

Along with Reuven Avi-Yonah and Bret Wells, I submitted the brief linked below. We argue “Imposing a constitutional realization requirement will allow taxpayers, for the first time in many decades, to shield significant categories of income from U.S. taxation.... 1/

[clintwallace @clintwallace]

The income tax is under attack - not, of course, in a way that will benefit workers, but rather to help people with investment income who can afford complex tax avoidance strategies. The case is called Moore, and it’s in the US Supreme Court. More here: https://t.co/rxXLpBjepD

[clintwallace @clintwallace]

Creating this new requirement would break with history and would have severe practical consequences to the administration of the income tax that Congress has authority to implement under the Sixteenth Amendment.... 2/