Evan Lemoine
@evanlemoine.com
38 • Rhode Island • CPA/CFE • Educator • Parliamentarian • he/him • 🏳️🌈
As open enrollment nears, I received notice from the Rhode Island exchange that my premium is increasing over 20% and the deductible and out-of-pocket max also increased. This is without any premium subsidies. Many Americans are going to get a rude awakening over the next week for so many reasons.
October 29, 2025 at 10:53 PM
As open enrollment nears, I received notice from the Rhode Island exchange that my premium is increasing over 20% and the deductible and out-of-pocket max also increased. This is without any premium subsidies. Many Americans are going to get a rude awakening over the next week for so many reasons.
Reposted by Evan Lemoine
And the timing super matters. No tax on tips, etc., are all temporary provisions. By the time those expire, roughly half the country loses or gets nothing.
Another thing pushing here is that the cuts to the poor phase in. So the cuts are deeper and the new tax cuts go away. Just a brutal law.
Another thing pushing here is that the cuts to the poor phase in. So the cuts are deeper and the new tax cuts go away. Just a brutal law.
June 12, 2025 at 3:29 PM
And the timing super matters. No tax on tips, etc., are all temporary provisions. By the time those expire, roughly half the country loses or gets nothing.
Another thing pushing here is that the cuts to the poor phase in. So the cuts are deeper and the new tax cuts go away. Just a brutal law.
Another thing pushing here is that the cuts to the poor phase in. So the cuts are deeper and the new tax cuts go away. Just a brutal law.
Reposted by Evan Lemoine
Here are the latest estimates from the Congressional Budget Office on the tax and spending bill moving through Congress right now.
That's about a third of all Americans who would be worse off while the rich get much richer. www.cbo.gov/publication/...
That's about a third of all Americans who would be worse off while the rich get much richer. www.cbo.gov/publication/...
June 12, 2025 at 4:15 PM
Here are the latest estimates from the Congressional Budget Office on the tax and spending bill moving through Congress right now.
That's about a third of all Americans who would be worse off while the rich get much richer. www.cbo.gov/publication/...
That's about a third of all Americans who would be worse off while the rich get much richer. www.cbo.gov/publication/...
Reposted by Evan Lemoine
Every time someone tells me they use AI to summarize books or articles for them I ask, how do you know it was accurate? What if it’s not? How would you know? And they seem to have not thought about this risk at all.
June 3, 2025 at 10:17 PM
Every time someone tells me they use AI to summarize books or articles for them I ask, how do you know it was accurate? What if it’s not? How would you know? And they seem to have not thought about this risk at all.
Reposted by Evan Lemoine
Bribery in plain sight.
May 11, 2025 at 3:35 PM
Bribery in plain sight.
Wishing all the mothers out there a Happy Mother's Day!
May 11, 2025 at 4:42 PM
Wishing all the mothers out there a Happy Mother's Day!
Reposted by Evan Lemoine
The GOP draft tax bill says that it will allow rich families to pass up to $30 million tax-free to their heirs, but that number is actually $300 million or more for anyone with good lawyers (which prob. is everyone who has $300 million).
It's really just one simple trick. Here's how it works.
1/
It's really just one simple trick. Here's how it works.
1/
May 10, 2025 at 3:14 PM
The GOP draft tax bill says that it will allow rich families to pass up to $30 million tax-free to their heirs, but that number is actually $300 million or more for anyone with good lawyers (which prob. is everyone who has $300 million).
It's really just one simple trick. Here's how it works.
1/
It's really just one simple trick. Here's how it works.
1/
Reposted by Evan Lemoine
This week marks 50 years of the Earned Income Tax Credit helping make our tax code fairer and tackling one of our nation's biggest problems: poverty.
A reminder that the tax code can help working families if lawmakers want it to.
A reminder that the tax code can help working families if lawmakers want it to.
April 1, 2025 at 4:09 PM
This week marks 50 years of the Earned Income Tax Credit helping make our tax code fairer and tackling one of our nation's biggest problems: poverty.
A reminder that the tax code can help working families if lawmakers want it to.
A reminder that the tax code can help working families if lawmakers want it to.
Reposted by Evan Lemoine
Nothing good will come from turning IRS agents toward deportation efforts.
This pulls crucial resources away from rooting out tax evasion by the wealthy and corporations while sowing distrust among undocumented immigrants.
itep.org/turning-irs-...
This pulls crucial resources away from rooting out tax evasion by the wealthy and corporations while sowing distrust among undocumented immigrants.
itep.org/turning-irs-...
Turning IRS Agents to Deportation Will Reduce Public Revenues
The Trump Administration’s plan to turn IRS agents into deportation agents will result in lower tax collections in addition to the harm done to the families and communities directly affected by deport...
itep.org
February 13, 2025 at 7:18 PM
Nothing good will come from turning IRS agents toward deportation efforts.
This pulls crucial resources away from rooting out tax evasion by the wealthy and corporations while sowing distrust among undocumented immigrants.
itep.org/turning-irs-...
This pulls crucial resources away from rooting out tax evasion by the wealthy and corporations while sowing distrust among undocumented immigrants.
itep.org/turning-irs-...
Reposted by Evan Lemoine
In 2022, undocumented immigrants contributed $96.7 billion in federal, state, & local taxes.
These six states raised more than $1 billion each in tax revenue from undocumented immigrants living within their borders. itep.org/undocumented...
These six states raised more than $1 billion each in tax revenue from undocumented immigrants living within their borders. itep.org/undocumented...
January 22, 2025 at 5:05 PM
In 2022, undocumented immigrants contributed $96.7 billion in federal, state, & local taxes.
These six states raised more than $1 billion each in tax revenue from undocumented immigrants living within their borders. itep.org/undocumented...
These six states raised more than $1 billion each in tax revenue from undocumented immigrants living within their borders. itep.org/undocumented...
Reposted by Evan Lemoine
IRS Direct File, the agency's own online, no-cost tax preparation and e-file software program, is doubling its availability in 2025. But a GAO report says IRS customer service hiring issues could pose problems for those who use the program this year.
www.dontmesswithtaxes.com/2025/01/irs-...
www.dontmesswithtaxes.com/2025/01/irs-...
IRS Direct File customer service could take a hit in 2025, says GAO report
The Internal Revenue Service this week officially announced Free File will open on Friday, Jan. 10, to eligible taxpayers (those with adjusted gross income of $84,000 or less). In that statement, the ...
www.dontmesswithtaxes.com
January 10, 2025 at 12:19 AM
IRS Direct File, the agency's own online, no-cost tax preparation and e-file software program, is doubling its availability in 2025. But a GAO report says IRS customer service hiring issues could pose problems for those who use the program this year.
www.dontmesswithtaxes.com/2025/01/irs-...
www.dontmesswithtaxes.com/2025/01/irs-...
Reposted by Evan Lemoine
Odometer readings and ways to deduct business miles bit.ly/3DEBL79 | All December Tips at bit.ly/4aKDJ1A
Drive for business? Note your odometer’s Dec. 31 reading
If you're self-employed, use your car for work, and have taken your last business trip of 2024, go out to your vehicle and take a photo of the odometer. It could help when you file your tax return nex...
bit.ly
December 31, 2024 at 11:08 PM
Odometer readings and ways to deduct business miles bit.ly/3DEBL79 | All December Tips at bit.ly/4aKDJ1A
Reposted by Evan Lemoine
Motion to determine restaurant
December 9, 2024 at 1:48 PM
Motion to determine restaurant
This is the type of crawl I’m interested in going on!
Some Greater Boston restaurants for your own crab rangoon crawl. Via @Boston.com #CrabRangoon #ChineseFood #FoodQuest #MassachusettsChineseFood #Foodie #TastyNoms | www.boston.com/food/restaur...
Some Greater Boston restaurants for your own crab rangoon crawl
The Boston.com readers have spoken, sending us more than 50 options for places to eat the beloved appetizer crab rangoon in Greater Boston.
www.boston.com
November 27, 2024 at 9:55 PM
This is the type of crawl I’m interested in going on!
…or use a reusable water bottle as nearly every airport has filling stations.
Among the many flying tips making the rounds in recent years on TikTok, this one continues to pop up: how to get a full bottle of water through a US airport security checkpoint.
The TSA-approved hack that allows travelers to bring a bottle of water through airport security | CNN
Among the many flying tips making the rounds in recent years on TikTok, there’s one that continues to pop up: how to get a bottle of water through airport security. The answer is simple – freeze it, f...
www.cnn.com
November 27, 2024 at 2:50 PM
…or use a reusable water bottle as nearly every airport has filling stations.
Reposted by Evan Lemoine
A terrible tax swap is nearing the finish line in Louisiana that would cut 2 progressive taxes (personal & corporate income) and raise a regressive tax (sales). The end result doesn't look pretty, as @nevabutkus.bsky.social explains in @lailluminator.bsky.social lailluminator.com/2024/11/23/l...
Average Louisianians would pay for Gov. Landry’s tax break for the rich • Louisiana Illuminator
Gov. Landry’s tax plan would replace millions in income tax revenue with new sales taxes, disproportionately hitting pocketbooks of low- and middle-income families.
lailluminator.com
November 23, 2024 at 2:59 PM
A terrible tax swap is nearing the finish line in Louisiana that would cut 2 progressive taxes (personal & corporate income) and raise a regressive tax (sales). The end result doesn't look pretty, as @nevabutkus.bsky.social explains in @lailluminator.bsky.social lailluminator.com/2024/11/23/l...
Sales taxes, or import tariffs for that matter, are inherently regressive. No surprise these policies will disproportionately affect lower income Americans.
New from us: caveat city, of course no one really knows where Trump's proposed tariffs might actually land.
BUT: if it was what he proposed on the campaign trail, here is the breakdown across income groups.
Tax hikes for all, with the impact getting larger the poorer you are.
BUT: if it was what he proposed on the campaign trail, here is the breakdown across income groups.
Tax hikes for all, with the impact getting larger the poorer you are.
November 22, 2024 at 4:18 AM
Sales taxes, or import tariffs for that matter, are inherently regressive. No surprise these policies will disproportionately affect lower income Americans.
Reposted by Evan Lemoine
Despite a massive head start, BlueSky has now overtaken Threads in the US 👇
November 19, 2024 at 9:39 PM
Despite a massive head start, BlueSky has now overtaken Threads in the US 👇
Reposted by Evan Lemoine
What happens when you add up all of Trump's tax policies?
1.) The permanent cut in the corporate tax rate from 2017
2.) Extending the 2017 law's temporary provisions
3.) Giant taxes on imported goods
Result: a tax cut for the top 1%, a tax hike for everyone else.
1.) The permanent cut in the corporate tax rate from 2017
2.) Extending the 2017 law's temporary provisions
3.) Giant taxes on imported goods
Result: a tax cut for the top 1%, a tax hike for everyone else.
November 19, 2024 at 4:18 PM
What happens when you add up all of Trump's tax policies?
1.) The permanent cut in the corporate tax rate from 2017
2.) Extending the 2017 law's temporary provisions
3.) Giant taxes on imported goods
Result: a tax cut for the top 1%, a tax hike for everyone else.
1.) The permanent cut in the corporate tax rate from 2017
2.) Extending the 2017 law's temporary provisions
3.) Giant taxes on imported goods
Result: a tax cut for the top 1%, a tax hike for everyone else.
I’m heading to Dallas and have visited quite a few places previously. But what are some lesser known gems to visit — whether museums, restaurants, or other activities? #Dallas
November 20, 2024 at 10:47 AM
I’m heading to Dallas and have visited quite a few places previously. But what are some lesser known gems to visit — whether museums, restaurants, or other activities? #Dallas
One of my graduate accounting students asked me “by exercising professional skepticism, are you suggesting you can’t trust your client?” While I provided some examples, I’m curious how other #cpa and #accountants handle this and/or more examples!
November 20, 2024 at 10:42 AM
One of my graduate accounting students asked me “by exercising professional skepticism, are you suggesting you can’t trust your client?” While I provided some examples, I’m curious how other #cpa and #accountants handle this and/or more examples!
Guess that adjustable height desk needs to at standing height a bit more!
Sitting at your desk all day may put you at greater risk for heart disease –– even if you work out in your spare time, according to new research.
Sitting too much linked to heart disease –– even if you work out, according to new study | CNN
Many people know about the importance of being less sedentary, but a new study shows just how much you need to move for a lower risk of heart disease.
cnn.it
November 18, 2024 at 6:06 PM
Guess that adjustable height desk needs to at standing height a bit more!
Reposted by Evan Lemoine
Donor-advised funds aren’t like other charities—their funding is much more tax subsidized. Here’s a summary of some recent work with @helenofips.bsky.social
Donor-advised funds are drawing a lot of assets besides cash – taking a bigger bite out of tax revenue than other kinds of charitable giving
Donors can get two different tax breaks when they give by turning stocks, bonds and other financial assets into charitable gifts.
theconversation.com
November 18, 2024 at 2:00 PM
Donor-advised funds aren’t like other charities—their funding is much more tax subsidized. Here’s a summary of some recent work with @helenofips.bsky.social
Reposted by Evan Lemoine
Agriculture executives, farm industry officials and economists tell CNN that if Trump keeps his deportation promises, groceries will get more expensive — perhaps much more expensive.
Grocery prices are high. Trump’s mass deportations could make matters worse | CNN Business
Americans are fed up with high grocery store bills and they’re hoping President-elect Donald Trump will bring relief. Yet one of Trump’s central campaign promises could exacerbate sticker shock at the...
www.cnn.com
November 18, 2024 at 12:09 PM
Agriculture executives, farm industry officials and economists tell CNN that if Trump keeps his deportation promises, groceries will get more expensive — perhaps much more expensive.
Reposted by Evan Lemoine
Trends that will continue in EA and CPA firms:
Shedding low-end 1040 work.
Increasing prices.
Only handling tax returns when bookkeeping is high quality, often in house.
Package/Value pricing.
Tax planning as a separate engagement.
#taxsky #taxtwitter
Shedding low-end 1040 work.
Increasing prices.
Only handling tax returns when bookkeeping is high quality, often in house.
Package/Value pricing.
Tax planning as a separate engagement.
#taxsky #taxtwitter
November 17, 2024 at 11:23 PM
Trends that will continue in EA and CPA firms:
Shedding low-end 1040 work.
Increasing prices.
Only handling tax returns when bookkeeping is high quality, often in house.
Package/Value pricing.
Tax planning as a separate engagement.
#taxsky #taxtwitter
Shedding low-end 1040 work.
Increasing prices.
Only handling tax returns when bookkeeping is high quality, often in house.
Package/Value pricing.
Tax planning as a separate engagement.
#taxsky #taxtwitter