Richard Rubin

Richard Rubin


I cover U.S. tax policy for the @WSJ. There is ALWAYS a tax angle. Retweets are not endorsements or tax advice.

28526 followers  •  592 follow  •    •   https://t.co/z9cavTJpYZ

Best moment in this podcast: I’m about to launch into a detailed nerd explanation of death as a realization event, accrual taxation and wealth taxes and @Ryan_Knutson  is like: Mild, medium and hot?

Today in inspector general reports... The IRS sends mail to itself.

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But the IRS is actually getting better and reducing undeliverable mail.

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@jimtankersley  Yes, TCJA was more than a rate cut. Still, large-corporate effective tax rates have come down meaningfully, even with those cross-cutting international provisions.

Cokie Roberts nailed the lede -- on this Duke commencement speech in 1999. "I must say it's nice to look out on this football field and see a group of winners." RIP.

John Kennedy approps bill summary speech checklist: Hades: ✔️ La la land: ✔️ Hobo on a ham sandwich: ✔️

In addition to joining Wyden/Castro in supporting mark-to-market taxation of capital gains yesterday, Cory Booker would also end 1031 real-estate exchanges.

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New from me: Your occasional reminder that Mike Pence hasn’t released any tax returns since he became Vice President.

IRS audit rate for households with incomes over $10 million. Fiscal 2015: 34.69% 2016: 18.79% 2017: 14.52% 2018: 6.66%

New from me: If Democrats win the House, they're going to seek Trump's tax returns. And the tax code says they can get them if they ask. via

New from me: The IRS doesn't pay refunds during government shutdowns. That makes little difference now, but by mid-February, this could be messy. via

Medical expense deduction, gone. Student loan interest deduction, gone. via @WSJ 

One thing that stood out to me in the Trump disclosure: He's making money from entities formed since the inauguration. via

This is a gap. In 2018, 80% of households get tax cuts. In our poll, 17% of people think they're getting tax cuts. via

So the GOP plan keeps the mortgage interest deduction. But...

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Under Senate plan, 8.5% pay more in tax right away. By 2027, it's 50%. via @WSJ 

The Senate is about to start debate on the tax bill. So far, we don't have: --Results of Byrd bath --JCT dynamic score --Details of trigger proposal --Resolution on pass-throughs --Collins SALT pay-for

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