Thank you so much, Dr. Reich, for making these lectures available to the public.

I took Federal Income Tax law in law school about 30 years ago. I left that class at the end of the semester with perhaps one overriding impression: the main reason the Federal Tax Code is so convoluted and recondite is because it was riddled with loop-holes to allow the wealthy -- with the aid of astute tax lawyers -- to get out of paying federal income tax. I recall that at that time there was a considerable large depreciation deduction allowed for airplane ownership.

Much to my negligence I haven't thought much about federal income tax since. Your lecture, seeing the details in the big picture of the overall taxation issue, was a wonderful refresher for me.

Thank you so much for making these lectures available to the public.