Tax Chats

Send us a text [https://www.buzzsprout.com/twilio/text_messages/1878989/open_sms] Jeff and Scott chat with Kathleen Thomas, a UNC tax law professor, about a recent proposal to allow businesses to have a standard deduction, rather than track expenses. Kathleen explains how this proposal would simplify compliance with and administration of the tax code.

Send us a text [https://www.buzzsprout.com/twilio/text_messages/1878989/open_sms] The House Ways and Means Committee has pass The One Big Beautiful Bill the TOBBB). Knowing this was coming up, Jeff invited Scott to go on a Tax Chats road trip, but, got rejected--Scott was too busy. So, Jeff watched the process from a  distance. Jeff discusses what he observed, and Jeff and Scott discuss the contents of the bill, for far as it was passed by the House Ways and Means Committee.

Send us a text [https://www.buzzsprout.com/twilio/text_messages/1878989/open_sms] Jeff and Scott talk about the relationship taxes have with each other.  How are value added taxes related to sales taxes or the border adjustment tax, and how are all related to income taxes (or are they just unrelated)?  Find out by listening to this amazing episode.

Send us a text [https://www.buzzsprout.com/twilio/text_messages/1878989/open_sms] Jeff and Scott talk to Ryan Monarch, economics professor at Syracuse University, about what we know about the tariffs imposed by the first Donald Trump administration in 2018.

Send us a text [https://www.buzzsprout.com/twilio/text_messages/1878989/open_sms] Jeff and Scott chat with Adam Michel of the Cato Institute about tax expenditures. Adam currently has on his X account [https://x.com/adamnmichel] the Tax Expenditure Madness brackets (also on his substack: https://adamnmichel.substack.com/). Adam sets up brackets like the March Madness NCAA basketball tournament,  but instead of pitting basketball teams against each other to establish the best team*, he has tax expenditures competing to determine which is the worst expenditure. Jeff, Scott and Adam chat about several sets of tax expenditures, and offer their somewhat tongue-in-cheek opinion about which ones are worst. *For example, by establishing that UNC women's basketball has won a national championship 1 time, compared to Duke's 0 times, or that UNC men's basketball has won the NCAA tournament 6 times, compared to Duke's 5 times. Of note is that of all teams with over 20 games played in the NCAA men's tournament, Duke has the highest winning percentage, which is only to say that they win a lot before they ultimately lose--they choke under pressure in the end.