Sign in

TaxProf

@taxprof.bsky.social
407 followers 70 following 46 posts

U.S based Tax Professor

PostsRepliesMedia
Reposted by TaxProf
Carl Quintanilla @carlquintanilla.bsky.social · 10/09/2025
FEDWATCH: “The pass-through of tariffs has been twice as fast for producer prices as for consumer prices, and this PPI August report shows an acceleration in that pattern. Margins in machinery, equipment, and chemicals fell by close to 4 percent .., competitive pressures are building due to tariffs.
418544
TaxProf @taxprof.bsky.social · 23/08/2025
I am now the proud owner of intel 😒
020
Reposted by TaxProf
Tax Notes @taxnotes.com · 14/08/2025
The Trump administration has doubled down on its rejection of what could become a world-first international agreement on carbon pricing, saying that the United States will not accept a burdensome framework and may pursue retaliatory measures. Read more: www.taxnotes.com/tax-notes-to...
012
Reposted by TaxProf
Riley Beggin @rbeggin.bsky.social · 14/08/2025
916868
Reposted by TaxProf
Carl Quintanilla @carlquintanilla.bsky.social · 11/08/2025
“.. Small businesses especially are grappling with the ability to stay in business.” @bloomberg.com www.bloomberg.com/news/article...
15126041055
Reposted by TaxProf
The Washington Post @washingtonpost.com · 11/08/2025
Nvidia and AMD have agreed to pay the U.S. 15 percent of their revenue from sales of AI chips in China, a highly unusual arrangement that some experts warn may be unconstitutional.
washingtonpost.com
Nvidia, AMD agree to pay U.S. government 15% of A.I. chip sales to China
The arrangement is highly unusual as U.S. tech export controls are usually based on national security imperatives rather than whether they can raise funds for Washington.
4114860
TaxProf @taxprof.bsky.social · 08/08/2025
Or… he is an idiot 🤷🏻‍♂️
021
Reposted by TaxProf
The Academic Resistance @academicresistance.bsky.social · 07/08/2025
The GAO just found the Trump admin illegally delayed/cut $8B+ in NIH research grants—blocking Congress-approved funds, harming medical research, and violating the Impoundment Control Act. Science, equity, and accountability are on the line. Congress must act. www.highereddive.com/news/nih-cut...
highereddive.com
Trump administration illegally axed NIH grants, government watchdog says
The U.S. Government Accountability Office can file a lawsuit in an attempt to restore the grants, though the agency has not yet opted to do so.
095
Reposted by TaxProf
Dmitry Grozoubinski @explaintrade.com · 07/08/2025
1/ - Trade Policy in 2025 - Step 1. Donald Trump invents threatened new tariff rates on your country based on some combination of the trade balance, vibes, personal grievance, vibes, how much he likes you, vibes, or a Peter Navarro formula so stupid it made Lesotho enemy #1. Also vibes.
8403145
Reposted by TaxProf
The Washington Post @washingtonpost.com · 07/08/2025
Breaking news: President Trump said he would place a 100 percent tariff on all computer chips imported to the United States, but will exempt companies that commit to “building” on U.S. soil like Apple.
washingtonpost.com
Trump threatens 100% tariffs on computer chips for companies that don’t build in U.S.
President Trump said companies will pay double for computer chips unless they build in the U.S. Apple secured an exemption and promised an extra $100 billion of U.S. investment.
609433
Reposted by TaxProf
Ben Casselman @bencasselman.bsky.social · 06/08/2025
Data revisions are a normal, necessary part of trying to measure a $30 trillion economy in real time. They can also be jarring, especially for people who don't obsessively scrutinize every jobs report. So I dug into the how and why of revisions. A few big takeaways: #EconSky
nytimes.com
Why the B.L.S. Regularly Revises Jobs Data
425888
Reposted by TaxProf
Carl Quintanilla @carlquintanilla.bsky.social · 04/08/2025
CAVALLO: “.. Tariffs are already driving up prices — especially for furniture and household goods.” www.pricinglab.org/files/Tracki...
15356115
Reposted by TaxProf
Ron Filipkowski @ronfilipkowski.bsky.social · 04/08/2025
Nobody said that. Trump claims that tariffs have zero impact on prices that US consumers pay. We said that is false. Tariffs impact US importers, US consumers, US manufacturers, US exporters, and our trading partners overseas. Everyone loses in trade wars except tax collectors.
1031527274
Reposted by TaxProf
Robert Reich @rbreich.bsky.social · 04/08/2025
Reminder: Tariffs aren't paid by other countries, no matter what Trump says. A tariff is an import tax, raising the price of almost everything we buy. Tariffs are also regressive — taking a higher percentage out of the paychecks of working people than out of the wealthy.
591768532
Reposted by TaxProf
Tee Vixen Sutton @vixenbite.bsky.social · 04/08/2025
Almost 30,000,000,000 passed onto Americans because of tariffs
161104476
Reposted by TaxProf
Verfassungsblog @verfassungsblog.de · 04/08/2025
Taxation without representation? DORON NAROTZKI explains how Trump's tariffs effectively function as a hidden federal consumption tax on the American people – bypassing Congress. verfassungsblog.de/us-tariffs-t...
Quote from the article by author Doron Narotzki: “The tax is collected at the border and later passed through to American consumers, who are generally unaware of the fiscal burden imposed.”
043
TaxProf @taxprof.bsky.social · 01/07/2025
Today we learned that there isn’t much of a difference between the Bernie kids who said “debt isn’t real” and Congress. Both think debt can be ignored.
030
Reposted by TaxProf
Richard Rubin @richardrubindc.bsky.social · 08/05/2025
Don't call it a comeback. It's been here for tiers. Trump puts the top tax rate on the table again. www.wsj.com/politics/pol...
wsj.com
Trump Brings Millionaire Tax Idea Back to Life
Raising top income-tax rate faces resistance from many congressional Republicans
131
TaxProf @taxprof.bsky.social · 19/04/2025
030
TaxProf @taxprof.bsky.social · 10/04/2025
That’s a pretty accurate depiction
010
TaxProf @taxprof.bsky.social · 15/03/2025
Nothing to worry, it’s all part of a larger economic vision. He has a plan. 🤦🏻‍♂️🤡
030
TaxProf @taxprof.bsky.social · 12/03/2025
RFK has no place in the cabinet, yet his presence there has been normalized which is a troubling sign of how far we’ve declined.
054
Reposted by TaxProf
Gabriel Zucman @gabrielzucman.bsky.social · 04/02/2025
Longer-term perspective on the rise of US oligarchy
511247524
TaxProf @taxprof.bsky.social · 02/02/2025
media.tenor.com
a man says we 're at war in a netflix advertisement
ALT: a man says we 're at war in a netflix advertisement
000
TaxProf @taxprof.bsky.social · 28/01/2025
academic.oup.com/qje/article/...
academic.oup.com
A Welfare Analysis of Tax Audits Across the Income Distribution*
Abstract. We estimate the returns to IRS audits of taxpayers across the income distribution. We find an additional $1 spent auditing taxpayers above the 90
011
TaxProf @taxprof.bsky.social · 21/01/2025
www.whitehouse.gov/presidential...
whitehouse.gov
Hiring Freeze – The White House
By the authority vested in me as President by the Constitution and the laws of the United States of America, I hereby order a freeze on the hiring of
002
TaxProf @taxprof.bsky.social · 20/01/2025
The Trade War has officially begun!
001
TaxProf @taxprof.bsky.social · 11/01/2025
www.taxnotes.com/tax-notes-li...
taxnotes.com
2025 U.S. Tax Legislation Forecast<!-- --> | Tax Notes
Tax Notes is the first source of essential daily news, analysis, and commentary for tax professionals whose success depends on being trusted for their expertise.
010
Reposted by TaxProf
Sahil Kapur @sahilkapur.bsky.social · 20/12/2024
🚨🚨 House PASSES short-term government funding bill 366-34. All 34 NO votes were Republicans. It keeps the government open through March 14. The legislation passed overwhelmingly after the House stripped out Trump’s main demand: a debt limit extension. www.nbcnews.com/politics/con...
nbcnews.com
House passes bill to avoid a shutdown, sending it to the Senate hours before the deadline
The bill, which keeps the government funded through March 14, must still pass the Senate before 12:01 a.m. to avoid a shutdown.
2226272
Reposted by TaxProf
The New York Times @nytimes.com · 18/12/2024
Federal Reserve officials are expected to announce their third and final interest rate cut of the year on Wednesday, but investors will be keenly focused on where they see policy heading in 2025. Here’s the latest.
nytimes.com
Live Updates: Fed Is Poised for Another Rate Cut
Federal Reserve officials are expected to lower rates for a third time this year. Fresh forecasts of how many cuts they expect to make next year will be closely watched.
811119
TaxProf @taxprof.bsky.social · 17/12/2024
Oh boy
010
Reposted by TaxProf
Tax Notes @taxnotes.com · 16/12/2024
"There’s a difference between being a tax expert with political connections and a politician who ends up leading the tax agency," @joethorndike.bsky.social writes in his latest tax history perspective. 👇
forbes.com
Trump Names A Politician To Lead The IRS, The First In More Than 80 Years
Joseph J. Thorndike reviews Robert E. Hannegan’s short tenure as commissioner of the Bureau of Internal Revenue in light of President-elect Trump’s recent pick of former Republican Rep. Billy Long for...
073
Reposted by TaxProf
NPR @npr.org · 13/12/2024
In Washington, D.C., a tax on residents earning more than $250,000 a year is boosting the wages of child care workers. Two years in, it's proving to be a great investment.
npr.org
How D.C. tackled a child care crunch through a tax hike on the rich
In Washington, D.C., a tax on residents earning more than $250,000 a year is boosting the wages of child care workers. Two years in, it's proving to be a great investment.
14787962149
Reposted by TaxProf
Sarah Lawsky @sarahlawsky.bsky.social · 07/12/2024
Tax profs and students: Make your own selected sections tax code and regs now updated for 2025, including fed tax, partnership tax, corp tax, and, new as of this semester, estate and gift tax. Free alternative to commercial selected sections book. www.lawskypracticeproblems.org/codeandregs
lawskypracticeproblems.org
Lawsky Practice Problems
Free practice problems and quizzes for Federal Income Taxation law school classes.
23111
TaxProf @taxprof.bsky.social · 11/12/2024
🤯
000
TaxProf @taxprof.bsky.social · 11/12/2024
80 hrs work week… this is so wrong
000
TaxProf @taxprof.bsky.social · 11/12/2024
www.politico.com/news/2024/12...
politico.com
House GOP’s top tax writer battles with party leaders on Trump’s border-tax strategy
Ways and Means Chair Jason Smith is at odds with Stephen Miller, incoming Senate Majority Leader John Thune and, to a lesser extent, House GOP leaders.
000
TaxProf @taxprof.bsky.social · 11/12/2024
news.bloombergtax.com/daily-tax-re...
news.bloombergtax.com
Senate, House Republicans Split on Tax Bill Timeline for 2025
Senate Majority Leader John Thune’s proposal to punt a tax bill until later next year is winning favor in his chamber while House Republicans fret over the mechanics with their razor-thin majority.
000
TaxProf @taxprof.bsky.social · 11/12/2024
www.foxnews.com/politics/hou...
foxnews.com
House GOP fiscal hawks warn Trump tax cuts in danger of expiring under new Senate-backed plan
Both sides in the Republican Party say they are fighting to enact President-elect Donald Trump's agenda
000
TaxProf @taxprof.bsky.social · 08/12/2024
www.cbsnews.com/video/trumps...
cbsnews.com
Trump's tariffs: A tax on American consumers
President-elect Donald Trump has promised to impose across-the-board tariffs on imported goods from some allies and adversaries, claiming that foreign nations will pay such taxes to the U.S. Treasury....
000
TaxProf @taxprof.bsky.social · 08/12/2024
www.nytimes.com/2024/12/06/u...
nytimes.com
He Promised Huge Tax Refunds. Now Trump Wants Him to Lead the I.R.S.
Since leaving Congress in 2023, Billy Long has peddled a pandemic-era tax credit that the I.R.S. has warned is a magnet for fraud.
000
Reposted by TaxProf
Eric Lipton NYT @ericlipton.nytimes.com · 08/12/2024
How One of the World’s Richest Men Is Avoiding $8 Billion in Taxes The chief executive of Nvidia, Jensen Huang, has taken advantage of popular loopholes in the federal estate and gift taxes, which have quietly been eviscerated. @jessedrucker.bsky.social www.nytimes.com/2024/12/05/b...
nytimes.com
How One of the World’s Richest Men Is Avoiding $8 Billion in Taxes
The chief executive of Nvidia, Jensen Huang, has taken advantage of popular loopholes in the federal estate and gift taxes, which have quietly been eviscerated.
814786
TaxProf @taxprof.bsky.social · 07/12/2024
Basically they both think all America owes veterans is the good old “thank you for your service”.
000
Reposted by TaxProf
Tyler Evilsizer @tylerevilsizer.bsky.social · 04/12/2024
CBO released a new estimate that a new round of Trump tax cuts would not grow the economy...it would actually shrink. www.budget.senate.gov/chairman/new...
budget.senate.gov
Extending Trump’s Tax Cuts for the Wealthy Will Shrink the Economy, CBO Finds | U.S. Senate Committee On The Budget
The Official U.S. Senate Committee On The Budget
262
Reposted by TaxProf
Senator Sheldon Whitehouse @whitehouse.senate.gov · 06/12/2024
Billionaire “plowed more than $260 million into the 2024 election,” wants tax cuts, comes after Social Security. The Great Looting begins. www.politico.com/elon-musk-tr...
politico.com
Elon Musk was behind mysterious pro-Trump super PAC that invoked Ruth Bader Ginsburg
The world’s richest man was likely the single largest individual political donor of the 2024 election.
36364160
TaxProf @taxprof.bsky.social · 06/12/2024
Very interesting article
010
Reposted by TaxProf
Jesse Drucker @jessedrucker.bsky.social · 05/12/2024
My article today - How one of the world's richest men, Nvidia's CEO Jensen Huang, is on pace to dodge $8 billion in taxes: www.nytimes.com/2024/12/05/b...
nytimes.com
How Jensen Huang, CEO of Nvidia, Is Avoiding Billions in Taxes
The chief executive of Nvidia, Jensen Huang, has taken advantage of popular loopholes in the federal estate and gift taxes, which have quietly been eviscerated.
1721890
TaxProf @taxprof.bsky.social · 05/12/2024
Any thoughts?
010
Reposted by TaxProf
The New York Times @nytimes.com · 04/12/2024
Ending the individual tax cuts Donald Trump signed into law as president in 2017 would have a negligible effect on the U.S. economy over the next decade, the nonpartisan Congressional Budget Office said, deflating promises to supercharge the economy with tax cuts.
nytimes.com
Trump Tax Cuts Won’t Help the Economy Grow, Budget Office Finds
A larger debt and higher interest rates would cancel out the boost from keeping individual taxes lower, the nonpartisan Congressional Budget Office found.
2923173
Reposted by TaxProf
Richard Rubin @richardrubindc.bsky.social · 04/12/2024
New and notable from CBO -- explaining why revenue from 2018-24 came in $1.5T above forecasts. --Inflation --Faster post-pandemic growth --Tariffs www.cbo.gov/publication/...
cbo.gov
Additional Information About the Effects of Expiring Provisions of the 2017 Tax Act in CBO’s Baseline Projections
CBO’s Director describes how expiring provisions of the 2017 tax act affect the agency’s baseline projections and reviews some information that has become available since CBO first estimated the effec...
031