Gene Steuerle has helped developed ways to make the tax preference for charitable giving more efficient.
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The new law even eliminates the alternative minimum tax preference for these sales.
With the mortgage interest deduction in place, both sources of housing finance, debt and equity, get a tax preference.
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Many companies still offer employer stock in 401(k) plans because of a tax preference called net unrealized appreciation (NUA).
Hence owning your own house has a tax preference relative to renting.
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For such stock, no portion of the exclusion is treated as a tax preference item for purposes of the alternative minimum tax.
Giving cap gains a tax preference for risk investing is one of the smartest things the U.S. has done during the last 40 years.
So, why not simply eliminate the tax preference for 401(k) plans in the U.S. and raise a trillion dollars of revenue over the next decade?
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He eliminates the tax preference that currently exists for employer-sponsored insurance.
Canada had a similar manufacturing tax preference for three decades but scrapped it as of this year in favor of a lower tax rate for all companies.
Without carefully and objectively evaluating the pros and cons of each existing tax preference, bad economic (and political) outcomes may ensue if the good is tossed out with the bad.
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At a panel discussion this afternoon, my Tax Policy Center colleague Eric Toder described how eliminating every tax preference would cut average after-tax incomes by more than 11 percent.
Last week, I wrote about the danger of drawing the conclusion that tax incentives do not matter and that we should therefore look to eliminate the tax preference for retirement saving.
FORBES: Why Retirement Plan Tax Preferences are Not as Expensive as You Might Think
Above all, he forgets a golden rule of public finance that he would do well to put alongside his rule on public borrowing: every tax preference is an increase in taxes on everything else.
As a result of the tax preference for munis, the federal government not only forgoes the revenue that it would otherwise be collecting from the interest income, but more importantly, it effectively subsidizes greater spending and debt by state and local government agencies.
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He was also talking about some of the other provisions that we've set out in terms of hedge fund managers, who through a provision, a tax preference in the law, are allowed to have their income, which is designated income from their labor, be taxed at a capital gains rate -- called carried interest.
Voter preference for cost cutting over tax raising was pronounced in two other questions.
Although qualifying ISO dispositions can be reported as long-term capital gains on the 1040, the bargain element at exercise is also a preference item for the Alternative Minimum Tax.
There are also signs that Mr Gore's preference for more government spending over risky tax cuts is playing well in Florida.
In August Brazil's trade and industry minister Fernando Pimentel unveiled tax breaks, cheap credit and a misconceived government preference for buying local.
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