Good tax policy should follow several key principles; for example, any well-structured tax code should be easy to understand and navigate, avoid unduly favoring certain taxpayers over others, and be minimally burdensome to raise the necessary revenue. But perhaps the most obvious and intuitive principle of good tax policy is that it should only ever change prospectively, never retroactively. Unfortunately, recent events serve as a reminder that there are few, if any, protections against changing tax rules retroactively at either the federal or state level.
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