Andrew Whitten
@andrew-whitten.bsky.social
Economist working on topics in public finance, labor, corporate finance, household finance, and adjacent areas. Views are my own, not my employer's. My hands and feet are mangoes.
https://www.andrewwhitten.com
https://www.andrewwhitten.com
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.
May 22, 2025 at 7:48 PM
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.
May 22, 2025 at 7:45 PM
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...
May 12, 2025 at 8:16 PM
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.”
May 12, 2025 at 8:15 PM
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...
May 12, 2025 at 7:31 PM
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...
Congrats Dario!
January 18, 2025 at 12:49 PM
Congrats Dario!
Reposted by Andrew Whitten
#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/...
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
doi.org
January 12, 2025 at 12:11 PM
#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/...
Ah gotcha, thanks for the reply and thanks for working on it!
January 4, 2025 at 10:38 PM
Ah gotcha, thanks for the reply and thanks for working on it!