'Tax Notes' publishes Chodorow article
<p>An article by professor <a href="http://www.law.asu.edu/Apps/Faculty/Faculty.aspx?individual_id=5326" target="_blank">Adam Chodorow</a> of the Sandra Day O'Connor College of Law, "Tax in the Final Frontier: A Theory of Interstellar Tax," has been published in the Sept. 7 issue of <i>Tax Notes</i>. The article refers to Nobel Laureate Paul Krugman's 1978 article, "The Theory of Interstellar Trade," in which he considers how interest charges on goods in space transit should be computed.</p><separator></separator><p>"This article seeks to expand on Krugman's seminal work - and establish <i>my</i> claim to a Nobel Prize - by considering whether income earned in flight should be subject to the federal income tax," Chodorow writes. "I conclude that in-flight income is clearly subject to tax under current law and prevailing theory, but administrative concerns warrant excluding that income from the tax base until the intrepid taxpayer returns to Earth."</p><separator></separator><p>To read the full article, click <a href="http://www.law.asu.edu/files/Administration/Communication/Faculty_Notes…; target="_blank">here</a>.<br /><br /><span style="font-family: Tahoma; color: black; font-size: 9pt" lang="EN">Janie Magruder, <a href="mailto:Jane.Magruder@asu.edu"><font color="#0000ff">Jane.Magruder@asu.edu</font></a><br />(480) 727-9052<br />Sandra Day O’Connor College of Law</span></p>