I cover U.S. tax policy for the @WSJ. There is ALWAYS a tax angle. Retweets are not endorsements or tax advice.
@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.
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.
IRS audit rate for households with incomes over $10 million. Fiscal 2015: 34.69% 2016: 18.79% 2017: 14.52% 2018: 6.66%
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
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