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Basic Income Tax

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William Kratzke, University of Memphis

Pub Date: 2016

ISBN 13: 9781365302886

Publisher: CALI's eLangdell® Press

Language: English

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Table of Contents

  • About the Author
  • Notices
  • About CALI eLangdell Press
  • Preface
  • Chapter 1: The Government Raises Money: Introduction to Some Basic Concepts of Taxes and Taxing Income
  • Chapter 2: What Is Gross Income: Section 61 and the Sixteenth Amendment
  • Chapter 3: Exclusions from Gross Income
  • Chapter 4: Loans and Cancellation of Indebtedness
  • Chapter 5: Progressivity and Assignment of Income
  • Chapter 6: Deductions: Business Expenses
  • Chapter 7: Personal Deductions and the Standard Deduction
  • Chapter 8: Tax Consequences of Divorce and Intra-Family Transactions
  • Chapter 9: Timing of Income and Deductions: Annual Accounting and Accounting Principles
  • Chapter 10: Character of Income and Computation of Tax

About the Book

This book is the 6th edition of a basic income tax text. This edition incorporates the Tax Cuts and Jobs Act of 2017. It is intended to be a readable text, suitable for a three-hour course for a class comprised of law students with widely different backgrounds. The text integrates several of the CALI drills that Professor James Edward Maule (Villanova University) prepared.

About the Contributors


Professor William Kratzke is a Cecil C. Humphreys Professor of Law at the University of Memphis. He received his B.A. in Political Science and the Far Eastern & Russian Institute from the University of Washington in 1971. This naturally caused him to be interested in attending law school. He received his J.D. from Valparaiso University in 1974 and was a member of the Valparaiso University Law Review’s editorial board. He received his LL.M. from Georgetown University in 1977.

Professor William Kratzke teaches tax law courses at the University of Memphis. He has been a faculty member there since 1979. He has taught courses across the curriculum. In addition to tax courses, he has taught trademarks, torts, civil procedure, world trade law, economic analysis, and other courses. He visited Santa Clara University and the University of Mississippi. He received Fulbright Teaching Awards in 1997 (Moldova) and 2001-2002 (Russia).

Professor Kratzke has written in the areas of tax law, trademark law, tort law, and antitrust law.