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.

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We've reached the "introduce letters from the grandchildren of prominent FDR administration officials into the official record" portion of this Social Security hearing.

New Treasury statement on SocSec payroll tax deferral, which I think I read as saying that they're not slowing how much money goes into the SocSec trust funds, even though payroll tax collections will actually drop.

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The only large employer I know that's doing the payroll tax deferral is the US government, and clearly the Treasury Department could get quite reliable information on the amount of deferred payroll taxes for federal workers.

@kpomerleau  @TylerEvilsizerT  @SethHanlonhat 's in part because the big stuff doesn't actually lapse until end of 2025 anyway. No one really engaged -- beyond posturing -- on the 2010 expirations until like mid-November 2010.

Props for persistence to the PR rep who is now on message 28 of a completely one-sided thread dating back to April 2019 of writing "Just checking in to see what stories you are working on" every few weeks.

Confused about what's at stake on tax policy in the election? This is our quick guide to the differences between the presidential candidates -- part of a series with similar pieces on other issues.

The whole @jtcurry005  profile of @AndyGrewal  (who once wanted to be one of us journalists) is fun but this sentence was my favorite.

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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

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

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

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

Mnuchin: “I stand by our comments that the tax cuts will pay for themselves. This will be simple math.” Every independent analyst has said that the tax cuts absolutely will not pay for themselves. Maybe more like it pays for 25% or 30% of itself.

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 

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