Andrew Whitten

Topology: The interesting parts, by Ben Klemens 18 track album

I fact-checked my claim that _Topology: The interesting parts_ makes good beach reading by reading it on the beach last week; it worked ☑.

I found a typo or two (notably an x where there should've been an ϵ on p 37) and have posted an updated edition. Get it at b--k.bandcamp.com/album/topolo... .

Interesting that these are all household names except for healthcare. It’s a uniquely complex sector.

Just published in @jpube.bsky.social:

"State Auto-IRA policies and firm behavior: Lessons from administrative tax data"

By Adam Bloomfield, Lucas Goodman, @manirao.bsky.social, & Sita Slavov

www.sciencedirect.com/science/arti...

#econsky #pension #publiceconomics #publicfinance

Note that the current law 199A phase-out imposes even *higher* EMTRs for taxpayers with a large amount of QBI. Easy to construct examples with EMTRs>100% under current law.

I think you’re underestimating the effect of the 199A phase-out. In the phase-out region, the bill changes the phase-out such that every dollar you earn now reduces your QBID by $0.75. That means your EMTR is 37%*0.75 = 27.8 pp higher from the 199A phaseout alone.

Hopefully by now you’ve seen JCT’s explainer. They give an example. jct.gov/publications...

Oh interesting that it seemed to work after I removed the “https://www.”

I tried to post earlier today but Openvibe choked. I didn’t attach an image but I did include a URL. The error message was something like “image failed to upload”. I think it was previewing the URL with an image? URL was https://www. [blank space so it doesn’t choke now] jct.gov/publications...

Excited to have this paper out in JPubEc.

Relevant to folks pondering/evaluating/designing corporate tax bases!

Recently published in @jpube.bsky.social:

"Tax Avoidance through corporate accounting: Insights for corporate tax bases"

By Eric Heiser, Michael Love, & @jm0rt.bsky.social

www.sciencedirect.com/science/arti...

#econsky

Labor Supply and Entertainment Innovations: Evidence From the U.S. TV Rollout (Forthcoming Article) - We study the impact of entertainment technology on labor supply. Using Social Security work histories and a natural experiment arising from the regulated U.S. rollout of televi...

Forthcoming in AEJ: Applied Economics: "Labor Supply and Entertainment Innovations: Evidence From the U.S. TV Rollout" by George Fenton and Felix Koenig. www.aeaweb.org/articles?id=...

Just published in the @jpube.bsky.social:

"How Do Business Owners Respond to a Tax Cut? Examining the 199A Deduction for Pass-through Firms"

By Lucas Goodman, Katherine Lim, Bruce Sacerdote, & @andrew-whitten.bsky.social

www.sciencedirect.com/science/arti... #econsky

"When the World's Largest Countries Will Hit Peak Population" https://buff.ly/3XdzrLl

@openvibe.social If I may make a suggestion, it would be nice if your app could let me choose whether I want videos to autoplay or not. Thanks as always!

🚨now out in the Journal of Financial Economics 🚨

“Financial Inclusion Across the United States”

by Moto Yogo, Natalie Cox, and me

https://www.sciencedirect.com/science/article/pii/S0304405X2500011X?dgcid=coauthor

Congrats Dario!

🚨Available online now, in print next month in J Pub E 🚨
“How do business owners respond to a tax cut? Examining the 199A deduction for pass-through firms.”
by me, Lucas Goodman, Katie Lim, & Bruce Sacerdote

https://authors.elsevier.com/c/1kSICAlw9w-Nx

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

#QJE Feb 2025, #2, “A Welfare Analysis of Tax Audits Across the Income Distribution,” by Boning, Hendren, Sprung-Keyser (@bsprungkeyser.bsky.social), and Stuart: doi.org/10.1093/qje/...

Very useful Treasury (OTA) estimates of the revenue costs and distribution effects of TCJA extension options. Usefully includes a breakdown of business provision reversals as well. Full extension/reversals costs $5.5 trillion over budget window.

home.treasury.gov/system/files...

Ah gotcha, thanks for the reply and thanks for working on it!

@openvibe.social Thank you so much for your app, but I can’t easily read threaded posts. When I click on a post, I see all replies below. The original poster isn’t prioritized, so their reply may get buried. Thus I only see the first post in a multi-post thread. What am I doing wrong?

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 t

Recently accepted by #QJE, “A Welfare Analysis of Tax Audits Across the Income Distribution,” by Boning, Hendren, Sprung-Keyser (@bsprungkeyser.bsky.social), and Stuart: doi.org/10.1093/qje/...