Research Library

The author reviews data on the growth of small businesses in Texas in the two years since the COVID-19 pandemic began. Read the post on the Baker Institute Blog here.

Last week, the Joe Biden administration released a long-awaited executive order containing a government-wide outline for digital assets, focusing on cryptocurrency. The guidance is a welcome and timely development for both regulators and investors.

In this working paper, the author examines the economic effects of enacting a proposal by the Biden administration to tax long term capital gains at ordinary income tax rates for those with taxable income above $1 million and tax unrealized gains at the time of death for single (joint) filers with more than $1 million ($2 million) in unrealized gains. A similar version of the report was prepared with the financial support of the Center for Freedom and Prosperity Foundation.

The federal government aims to narrow the $1 trillion gap between cryptocurrency taxes owed and those actually paid. Read how it's doing so in the Baker Institute Blog.

The authors explore a causal relationship between the 2017 tax reform and a decline in wealth inequality.

You may have read that nonfungible tokens (NFTs) have introduced an extremely lucrative way to sell digital work, like art. Beyond the question "what's an NFT?" is how the sometimes-extraordinary proceeds are taxed. Center for Public Finance fellow Joyce Beebe explains in the Baker Institute Blog.

With the rise of the gig economy has come an increase in concerns about tax compliance. This blog post reviews two recent changes to tax reporting rules for the sharing economy sector — the comeback of Form 1099-NEC and a reduction in the reporting threshold of Form 1099-K — and their implications for tax administration and reporting.

Special purpose acquisition companies (SPACs) have experienced a massive surge in popularity over the last year. How do SPACs work, and what are some of the tax implications that investors may overlook? Public finance fellow Joyce Beebe explains on the Baker Institute Blog: https://bit.ly/3t5eMH8

Middle East fellow A.Kadir Yildirim reviews the varied responses of Islamist groups in the Middle East to the Biden presidency and suggests that, in most cases, their reactions were crafted to further their political — not religious — objectives.

The $1.9 trillion American Rescue Plan Act, which became law in mid-March, left out the mandate to increase the federal minimum wage to $15 per hour, but it did lead to an open policy discussion about current minimum wage standards. In a post for the Baker Institute Blog, public finance fellow Joyce Beebe considers some of the pros and cons of increasing the minimum wage and possible future developments.