Write-Off: The Tax Blog

Response to Avi-Yonah’s CNN Piece Advocating for Book Income Taxation

Monday December 20, 2021 • Jeff Hoopes, UNC

Professor Reuven S. Avi-Yonah recently published an opinion in CNN Business.1 Here, I respectfully respond to several claims in that article.

Claim: “Corporate America has perfected the art of dodging the taxes that everyone else pays.”

Response: Sixty-one percent of individual taxpayers paid no federal income taxes in 2020. Even in non-pandemic years, this value is often in excess of 50 percent.2 There are more individual non-payers than corporate non-payers. Further, the loss from corporate tax evasion is much smaller than from individuals.

Read the rest here. (paygated until Jan 17, 2022).





1 Avi-Yonah, “This Tax Would Make Wealthy Corporations Pay Their Fair Share,” CNN Business, Nov. 24, 2021.

2 Howard Gleckman, “The COVID-19 Pandemic Drove a Huge, but Temporary, Increase in Households That Did Not Pay Federal Income Tax,” Urban-Brookings Tax Policy Center (Aug. 18, 2021).

Posts and comments are solely the opinion of the author and not that of the UNC Tax Center or any other person or entity.