
97 episodes

Tax Chats Dyreng and Hoopes
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- Business
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4.6 • 32 Ratings
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Taxes touch every aspect of society, including who rules, where factories are built, what people drink, what car they buy, when they have children, and when they die. Scott Dyreng (Duke) and Jeff Hoopes (UNC), two accounting professors, chat about taxes, including current events, with the energy of an over-caffeinated chihuahua. Listening is guaranteed to be far more entertaining than actually paying your taxes.
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Chatting about Adam Smith's Tax Maxims.
In "The Wealth of Nations", Book V, Chapter ii, Adam Smith lays out some fundamental principles of taxation. We discuss some of those principles, and describe how they are still being applied today.
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Bias at the BBC? A Chat with Andrew Dilnot about the BBC's coverage of tax-related news.
Scott and Jeff chat with Sir Andrew Dilnot, currently serving of Warden of Nuffield College, Oxford, about his experience evaluating bias in the BBC's coverage of tax-related topics. We discuss the complications reporters face when covering complex economic issues. We review the findings of his recent report entitled "Review of the impartiality of BBC coverage of taxation, public spending, government borrowing and debt."
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Can ChatGPT Host Tax Chats? ChatGPT Interviews to Replace an Ailing Scott
Jeff asks ChatGPT a series of tax-related questions, and Scott evaluates the answers.
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Remembering When The Corporate Tax was Accidentally Cancelled. A Chat with Jim Wetzler.
We chat with James Wetzler about the time a legislative mistake accidentally abolished the corporate tax in 1975. This leads to other discussions, including when the New York State Tax Authorities tried to impose sales tax on a kids lemonade stand, the dilemma that arose when the tax authorities seized pornographic videos from a delinquent taxpayer, and the strange situation where an IRS auditor uncovered evidence of a murder.
Near the end, we also briefly discuss the deterrent effect of the new excise tax on share repurchases. -
Racial Disparity in Tax Audits? A Chat with Evelyn Smith and Hadi Elzayn about their study "Measuring and Mitigating Racial Disparities in Tax Audits"
Scott and Jeff chat with Evelyn Smith and Hadi Elzayn, two of the seven coauthors on a recent working paper entitled "Measuring and Mitigating Racial Disparities in Tax Audits."
We ask them details about the paper. We find that the unconditional audit disparity between (estimated) black tax payers and (estimated) non-black taxpayers is about 5%. We ask about the conditional disparity. The authors explain that conditional on some factors the disparity remains. We discuss what constitutes an audit (a letter in this case). We ask whether the IRS should care about collecting the most amount of revenue, or whether the IRS should care about deterring non-compliance. -
Chatting about President Biden's 2023 State of the Union Address
President Biden gave the State of the Union address last night. Scott and Jeff talk about the tax components of the address. They discuss large corporations which pay little in tax, billionaires who pay little in tax, and taxing share repurchases., and "apples and elephants comparisons."
Also, Jeff explains why it is impossible for pretty much any taxpayer, let alone those making under $400K a year, to pay a penny more in taxes under any of President Biden's current or former tax proposals (IRC 985 and 6102 come into play!).
Note: We base this episode off of the official script of the State of the Union address (https://www.whitehouse.gov/state-of-the-union-2023/), which omits some fabulous adlibbing by President Biden.
Customer Reviews
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Interesting but one big issue
This is a lot of fun to listen to, however, Mr Hoops is difficult to hear. I really want to hear his thoughts but he tends to stop enunciating at the end of his sentences and crams in a bunch of words that are unintelligible. Please help him with a better mic or some feedback to speak more clearly and loudly. Thank you.
Roth vs. Traditional 401k
This episode mentioned that if the tax rates are the same at the time of contribution vs. the time of withdrawal - the variance between Roth and traditional is 0. This is true for your contributions but this doesn’t take into account that your earnings are tax free in Roth 401k if they are a qualified distribution (likely the majority are qualified).
On the traditional side - earnings will be taxable.