William D. Andrews

Eli Goldston Professor of Law, Emeritus

Langdell 317

617-495-4624

Assistant: Maura Kelley / 617-495-4642

Biography

William D. Andrews is the Eli Goldston Professor of Law Emeritus at Harvard Law School. His research interests include taxation in general and taxation of income from partnerships and corporation transactions. After first being appointed lecturer on law in 1961, he became an assistant professor of law in 1963 and a professor of law in 1965. He has held the position of Eli Goldston Professor of Law since 1984. Representative article publications include Inside Basis Adjustments and Hot Asset Exchanges in Partnership Distribution, 47 Tax Law Review 3 (1991), and A Consumption-Type or Cash-Flow Personal Income Tax, 87 Harvard Law Review, 1113 (1974).

Areas of Interest

William D. Andrews & Peter J. Wiedenbeck, Basic Federal Income Taxation (Wolters Kluwer 7th ed. 2015).
Categories:
Taxation
Sub-Categories:
Tax Policy
,
Taxation - Federal
,
Taxation - Personal Income
Type: Book
William D. Andrews, Inside Basis Adjustments and Hot Asset Exchanges in Partnership Distributions, 47 Tax L. Rev. 3 (1991).
Categories:
Taxation
Sub-Categories:
Taxation - Federal
,
Taxation - Partnerships
,
Tax Policy
,
Taxation - Transactional
Type: Article
William D. Andrews, In Memoriam: Stanley S. Surrey, A Source of Inspiration, 98 Harv. L. Rev. 332 (1984).
Categories:
Legal Profession
Sub-Categories:
Biography & Tribute
Type: Article
William D. Andrews, Introduction, Symposium: The Economic-Recovery Tax Act of 1981, 68 Cornell L. Rev. 421 (1983).
Categories:
Taxation
Sub-Categories:
Taxation - Federal
,
Taxation - Personal Income
,
Tax Policy
Type: Article
William D. Andrews, On Beyond Tufts, 61 Taxes 949 (1983).
Categories:
Taxation
Sub-Categories:
Taxation - Personal Income
,
Taxation - Partnerships
,
Taxation - Federal
Type: Article
William D. Andrews, Fairness and the Personal Income Tax – A Reply To Professor Warren, 88 Harv. L. Rev. 947 (1975).
Categories:
Taxation
Sub-Categories:
Tax Policy
,
Taxation - Personal Income
,
Taxation - Federal
Type: Article
William D. Andrews, A Consumption-Type or Cash Flow Personal Income Tax 87 Harv. L. Rev. 1113 (1974).
Categories:
Taxation
Sub-Categories:
Tax Policy
,
Taxation - Personal Income
,
Taxation - Federal
Type: Article
Abstract
According to the prevailing ideal, taxable personal income should equal total accretion, which is the sum of personal consumption plus accumulation. Professor Andrews asserts that the worst inequity, distortion, and complexity in the present tax, and the most intractable difficulties in approaching the accretion ideal, have essentially to do with the accumulation component of accretion. He therefore urges that consideration be given to an alternative ideal in which personal taxable income would be computed on a simple cash flow basis to reflect only personal consumption, accumulation in the form of business and investment assets being comprehensively eliminated. Professor Andrews shows how pursuit of this goal would produce a substantial net simplification of the tax, as well as a fairer and more efficient distribution of tax burdens. He concludes by making several more particular recommendations, suggested by a study of the consumption ideal, for immediate improvements in the existing tax. These include cash flow accounting for loan proceeds to curb tax shelter abuses; nontaxation of reinvested capital gains, but taxation of net disinvestment at ordinary income rates; a zero basis for inherited business and investment property; and a supplemental cash flow tax for high-income taxpayers coupled with a sharp reduction of top rates on regular taxable income.

Langdell 317

617-495-4624

Assistant: Maura Kelley / 617-495-4642