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Joe Thorndike

@joethorndike.bsky.social
3.4K followers 609 following 149 posts

Tax | History | Politics Not in any particular order, although tax pays the bills (for me and everyone else).

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Joe Thorndike @joethorndike.bsky.social · 02/09/2026
Wow, that’s so surprising. There’s only about 100 years of data demonstrating the impressive ROI for IRS funding.
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Joe Thorndike @joethorndike.bsky.social · 25/08/2026
In 1815, Congress taxed Jefferson’s furniture—or tried to. Assessors made house calls; critics called it an “inquisition into private property.” Meanwhile, other federal tax payments went public. My latest Tax Notes piece, from a larger IRS project: www.taxnotes.com/tax-history-...
Jefferson’s private retreat at Poplar Forest
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Douglas Irwin @douglasirwin.bsky.social · 01/08/2026
They always say their tariff worked
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Joe Thorndike @joethorndike.bsky.social · 27/07/2026
Platner Is Gone, but His Billionaire Tax Plan Still Matters And it's got a pedigree of sorts. www.taxnotes.com/featured-ana...
taxnotes.com
Platner Is Gone, but His Billionaire Tax Plan Still Matters | Tax Notes
Joseph J. Thorndike examines former Senate hopeful Graham Platner’s tax plans and whether they could offer an attractive tax policy more broadly for Democrats despite Platner no longer running for the...
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Joe Thorndike @joethorndike.bsky.social · 14/07/2026
Before Taxing AI, Consider the Chain Store Taxes of the 1930s — Really! My latest for @taxnotes.com www.taxnotes.com/featured-ana...
taxnotes.com
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Tax Notes @taxnotes.com · 04/07/2026
Americans often remember the Revolution as a tax revolt. So why does the Declaration of Independence mention taxes only once? As the U.S. celebrates its 250th birthday, @joethorndike.bsky.social explains the hidden tax argument in our nation's founding document.
forbes.com
The Hidden Tax Fight In The Declaration Of Independence
Joseph J. Thorndike examines the historical context behind the single tax grievance in the Declaration of Independence.
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Joe Thorndike @joethorndike.bsky.social · 29/06/2026
The Declaration of Independence mentions taxes just once. What’s the deal with that?
taxnotes.com
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Joe Thorndike @joethorndike.bsky.social · 24/04/2026
Wouldn’t be the first time that companies pocketed a big refund on taxes already passed along to consumers. (although it’s been a while). www.taxnotes.com/tax-history-... www.nytimes.com/2026/04/24/b...
nytimes.com
Companies, Not Consumers, to Cash In Big From Tariff Refunds
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Tax Notes @taxnotes.com · 17/04/2026
"When the Court strikes down a tariff, who should get their money back? The importer who submitted the duties to the government? Or people further down the line who may have borne the true economic burden of the tariffs?" @joethorndike.bsky.social asks.
forbes.com
Who Gets The Tariff Refund? A Lesson From 1936
Joseph J. Thorndike examines the history of tariff refunds.
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Joe Thorndike @joethorndike.bsky.social · 13/04/2026
Importers want tariff refunds. But if they already passed the costs on to consumers, should they get the money back in full? That fight is back—and it has a 1936 precedent. New for @TaxNotes: www.taxnotes.com/featured-ana...
taxnotes.com
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Joe Thorndike @joethorndike.bsky.social · 09/04/2026
Not every famous Boston tax protest involved tea. My latest is on the Liberty Riot of 1768: a dubious affidavit, street violence, and a boat burned on Boston Common. www.taxnotes.com/tax-history-...
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Tax Notes @taxnotes.com · 21/03/2026
"You may find that these high tariffs that you like so much prove to be enormously unpopular, like most regressive taxes are unpopular," @joethorndike.bsky.social said. "And so at the end of the day, it can revive interest in progressive alternatives."
forbes.com
Could Tariffs Replace The Income Tax? Lessons From U.S. History
Robert Goulder and Joseph Thorndike of Tax Notes explore how America’s first tariffs shaped the nation’s fiscal policy and set the stage for today’s federal income tax.
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Joe Thorndike @joethorndike.bsky.social · 19/03/2026
"To tax and to please, no more than to love and be wise, is not given to men."  --Edmund Burke I feel like that should be engraved on the IRS building, right below the Oliver Wendell Holmes line about civilized society. New episode of History Is Taxing: www.buzzsprout.com/2593214/epis...
buzzsprout.com
The Making of the IRS: ‘Nobody Likes a Tax Collector’ - History Is Taxing
Robert Goulder and Joseph Thorndike of Tax Notes explore tax collection throughout U.S. history, from tariffs to tax returns, and how the past has shaped Americans’ perception of tax.**CreditsHosts: R...
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Joe Thorndike @joethorndike.bsky.social · 17/03/2026
Americans don’t love taxes (does anyone?) but they have an even bigger issue with tax collectors.
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Philip Bump @pbump.com · 04/03/2026
Ah, yes, the invaluable wisdom of the markets.
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Joe Thorndike @joethorndike.bsky.social · 03/03/2026
Will tariffs replace the income tax? Not likely. The first in my new podcast series, History Is Taxing. www.buzzsprout.com/2593214/epis...
buzzsprout.com
Could Tariffs Replace the Income Tax? Lessons From U.S. History - History Is Taxing
Robert Goulder and Joseph Thorndike of Tax Notes explore how America’s first tariffs shaped the nation’s fiscal policy and set the stage for today’s federal income tax.**CreditsHosts: Robert Goulder, ...
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Joe Thorndike @joethorndike.bsky.social · 19/02/2026
Seems bad libertystreeteconomics.newyorkfed.org/2026/02/who-...
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Joe Thorndike @joethorndike.bsky.social · 17/02/2026
Excited to share a new podcast I’m launching with my @taxnotes.com colleague Robert Goulder: “History Is Taxing!” In each episode, we'll you give you the backstory on a major tax issue—from tariffs to taxpayer privacy to IRS reform. Follow the show at taxnotes.co/historypodcast
Show logo for new podcast, "History Is Taxing"
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Joe Thorndike @joethorndike.bsky.social · 05/02/2026
So excited to be part of this new Tax Notes podcast. Coming soon!
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Joe Thorndike @joethorndike.bsky.social · 08/12/2025
Mamdani, Trump, and FDR: What that Oval Office photo misses about Roosevelt and his war on wealth www.taxnotes.com/featured-ana...
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Joe Thorndike @joethorndike.bsky.social · 01/12/2025
At the risk of some self-promotion… amzn.to/4aoBmUt
amzn.to
Their Fair Share: Taxing the Rich in the Age of FDR (Urban Institute Press)
Their Fair Share: Taxing the Rich in the Age of FDR (Urban Institute Press) [Thorndike, Joseph] on Amazon.com. *FREE* shipping on qualifying offers. Their Fair Share: Taxing the Rich in the Age of FDR (Urban Institute Press)
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Joe Thorndike @joethorndike.bsky.social · 11/11/2025
Seems ironic/appropriate/illuminating that the GAO page explaining the Antideficiency Act and its role in government shutdowns is itself a victim of the government shutdown.
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Joe Thorndike @joethorndike.bsky.social · 04/11/2025
RIP to Dick “Deficits Don’t Matter” Cheney As a matter of economics, still dubious. As a matter of politics, obviously and demonstrably true —so far.
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Joe Thorndike @joethorndike.bsky.social · 25/10/2025
www.forbes.com/sites/taxnot...
forbes.com
Ronald Reagan Would Have Hated Trump’s Tariffs
Joseph J. Thorndike contrasts Ronald Reagan’s approach to international trade with the tariff policy of the Trump administration.
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Joe Thorndike @joethorndike.bsky.social · 14/09/2025
Politico: “gas prices have fallen to levels not seen in decades.” Really? I’d like to see the data behind this claim. apple.news/AYXYDcb5tT3W...
apple.news
Trump is selling a strong economy. Voters aren’t buying it. — POLITICO
Privately, aides concede voters remain uneasy about prices but argue their policies are beginning to turn things around.
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Joe Thorndike @joethorndike.bsky.social · 29/08/2025
I think this is probably wrong. As I argued here: www.taxnotes.com/tax-history-...
taxnotes.com
Hooked on Tariffs? Their Revenue May Be Hard to Quit, but We’ve Done It Before | Tax Notes
Joseph J. Thorndike overviews 125 years of tariff history throughout which politicians have abandoned productive taxes and tariffs that seemed unfair, unwise, or unpopular.
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Justin Wolfers @justinwolfers.bsky.social · 26/08/2025
A careful study of every populist episode since 1900 finds catastrophic consequences, which play out slowly. On average, incomes fall behind by nearly 15% over 15 years. For the U.S., this is a cost of about $13k per person per year. Over a lifetime, that's million bucks.
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Vanda Wilcox @vandawilcox.bsky.social · 20/08/2025
today I am loving the UN Geneva Archives platform which hosts the complete League of Nations archives, digitised, entirely free some archive digitisation programs are very clunky & hard to use, this is immaculate & has an incredibly user friendly interface + excellent metadata
archives.ungeneva.org
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Joe Thorndike @joethorndike.bsky.social · 19/08/2025
I have a similar reaction to AI used for non-math functions. In history, for instance, it’s great for summarizing arguments and evidence — as long as the accuracy and reliability of those summaries aren’t important. Super useful, for sure. Turns all of us from writers into fact checkers.
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Joe Thorndike @joethorndike.bsky.social · 19/08/2025
History suggests that tariff revenue won’t be so hard to quit.
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Joe Brusuelas @joebrusuelas.bsky.social · 14/08/2025
So much for foreigners paying tariffs. If they did PPI would be falling. Wholesale prices up 3.3% from a year ago & 3.7% in the core. The temperature is definitely rising in the core. This implies a hot PCE reading lies ahead.
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Joe Thorndike @joethorndike.bsky.social · 08/08/2025
A ChatGPT fail for the historians out there
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Joe Thorndike @joethorndike.bsky.social · 08/08/2025
I think the word “finalized” might be part of the problem here.
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Joe Thorndike @joethorndike.bsky.social · 05/08/2025
Ronald Reagan: “A creative, competitive America is the answer to a changing world, not trade wars that would close doors, create greater barriers, and destroy millions of jobs...We should always remember: Protectionism is destructionism.” www.forbes.com/sites/taxnot...
forbes.com
Ronald Reagan Would Have Hated Trump’s Tariffs
Joseph J. Thorndike contrasts Ronald Reagan’s approach to international trade with the tariff policy of the Trump administration.
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Joe Thorndike @joethorndike.bsky.social · 04/08/2025
Ronald Reagan Would Have Hated Trump’s Tariffs www.taxnotes.com/featured-ana...
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Dean Baker @deanbaker13.bsky.social · 04/08/2025
The New York Times told us the Democrats lost the last election because people hate inflation, but now they are telling us that they can't score political points by promising to bring prices down by getting rid of the Trump tariffs substack.com/home/post/p-...
substack.com
Remember When the Democrats Lost the Election Because People Hate Inflation? The New York Times Doesn’t
As usual, the New York Times gets things exactly wrong in a piece headlined “Trump’s Tariffs are Making Money.
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Joe Thorndike @joethorndike.bsky.social · 03/08/2025
A good point. And pretty much the same argument that made income taxes popular in the late 19th and early 20th century.
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Joe Thorndike @joethorndike.bsky.social · 03/08/2025
Did anyone seriously think that corporate America would just eat the tariffs forever? That's not how companies work. (Or tariffs, FWIW.) www.nytimes.com/2025/08/02/b...
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Joe Thorndike @joethorndike.bsky.social · 03/08/2025
Tariffs were hard to quit in the late 19th and early 20th century, too. And yet they managed. www.nytimes.com/2025/08/03/b...
nytimes.com
Trump’s Tariffs Are Making Money. That May Make Them Hard to Quit.
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Joe Thorndike @joethorndike.bsky.social · 02/08/2025
These doom scenario predictions about AI would be more convincing if they weren’t so obviously designed as clickbait. www.inc.com/bruce-crumle...
inc.com
These 40 Jobs May Be Replaced by AI. These 40 Probably Won't
A new Microsoft report ranks 80 professions by their risk of being replaced by AI tools. Microsoft study identified jobs most, and least affected by AI.
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Joe Thorndike @joethorndike.bsky.social · 02/08/2025
Most regular folks hate bureaucracy but they also like (or at least depend on) institutions, even if they don’t know it.
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Joe Thorndike @joethorndike.bsky.social · 22/07/2025
“The move to reduce these so-called hallucinations is seen as crucial to increase the use of AI tools across industries such as law and health, which require accurate information…” I’m curious about the industries where accuracy is irrelevant.
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Joe Thorndike @joethorndike.bsky.social · 03/07/2025
The 2017 tax bill was bad for Republican politicians. The 2025 law could easily be worse. www.taxnotes.com/featured-ana...
taxnotes.com
Grim Polls for the GOP Budget Bill | Tax Notes
Joseph J. Thorndike examines the results of several polls that report voter support of and opposition to the One Big Beautiful Bill Act.
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Joe Thorndike @joethorndike.bsky.social · 03/07/2025
Not sure I buy these predictions, but if they’re even partly right, this will be a transformative political event. CEOs Start Saying the Quiet Part Out Loud: AI Will Wipe Out Jobs - The Wall Street Journal
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Joe Thorndike @joethorndike.bsky.social · 11/06/2025
Internal Revenue Commissioner Joseph D. Nunan, Jr. on vacation in Miami Beach, c. 1945. Despite his penchant for nifty bathing caps, Nunan is better remembered as the only commissioner to be convicted for tax evasion. Photo courtesy of the Truman Library: www.trumanlibrary.gov/photograph-r...
Internal revenue commissioner wearing a bathing cap in 1945.
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Scott Lincicome @scottlincicome.bsky.social · 05/06/2025
My new Capitolism @thedispatchmedia.bsky.social‬ celebrates last week's BIG court rulings against the Trump "emergency" tariffs but explains why Congress still needs to do its job & fix US tariff laws: "Trump’s Trade Fight Is Just Getting Warmed Up" thedispatch.com/newsletter/c...
thedispatch.com
Trump’s Trade Fight Is Just Getting Warmed Up
If courts strike down his Liberation Day tariffs, he has other options to implement import taxes.
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Joe Thorndike @joethorndike.bsky.social · 05/06/2025
Pat Buchanan Was Trump Before Trump — And a Master of Antitax Politics www.taxnotes.com/tax-history-...
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Joe Thorndike @joethorndike.bsky.social · 05/06/2025
A disappointing story from Marketplace on the history and politics of taxing the rich. Lots of loose talk about rates, effectively conflating marginal/average/effective. Some breezy, basically ok snippets of history. But the rate discussions end up being misleading.
marketplace.org
Why Americans love taxing the rich
Or at least talking about it.
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Joe Thorndike @joethorndike.bsky.social · 03/06/2025
WWRPD? (What Would Randolph Paul Do?)
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Chye-Ching Huang @dashching.bsky.social · 03/06/2025
Thread: New from @taxlawcenter.org: we get in the weeds (footnotes) and also big picture on the section 899 "revenge"/retaliation tax in the House bill that's under active consideration in the Senate. taxlawcenter.org/work/revenge...
taxlawcenter.org
"Revenge” taxes: Risks and uncertainties (proposed section 899)
This piece focuses on a new proposed section of the tax code (section 899) in the House-passed reconciliation bill. Section 899 would raise tax rates on significant categories of US-source income paid...
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