Tax accounting professor at UNC. Research director, UNC Tax Center. I have a podcast called Tax Chats.
Joined January 2014
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74 Photos and videos
Jeff Hoopes retweeted
Jun 6
Link is here: wsj.com/opinion/repeal-this-…
Cites important work by @JeffLHoopes and Andrew Belnap: news.bloombergtax.com/tax-ma…
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Jeff Hoopes retweeted
May 19
Over at Substack, @JoshEakle asks: "It's 2026, and I have yet to see an anti-almond farm protest."
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Apr 29
Zero firms with taxable profits as defined in the irc after credits and nols owed no federal income tax. Did I get it right?
You could pick some other way to define profit unrelated to the tax system and get a positive number, but that would be cheating...
Apr 29
Guess how many big, profitable US corporations legally paid no federal income tax last year? Answer in first comment.
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Apr 6
Recently on the Tax Research Network, we recently featured an excellent article by @kirkstark on what it might take for California billionaires to not be residents in California. Punchline? Its more complicated than detractors and proponents of the wealth tax suggest.
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Jeff Hoopes retweeted
Mar 20
"Massachusetts Lost $4.2 Billion in Income After Millionaire Tax Took Effect" bloomberg.com/news/articles/…
"top earners were responsible for 70% of the $4.2 billion in net outflows in 2023, a jump from the previous year and more than double the level from 2019."
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Mar 19
Does only CAMT tax book income? Nope. Amazingly, the @davidsgamage, @BDGesq, et. al. wealth tax in California also has GAAP-based income and asset values in the tax base. Please just leave book income out of the tax base. We have been down this path before. Thoughts:
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Mar 19
Andrew Belnap and I recently did a survey of tax directors about the CAMT. It is really complicated and hard to comply with, yet few people actually pay anything. The worst of both worlds!
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Mar 19
This was work sponsored by the Tax Policy Network, a new venture supported by @Arnold_Ventures. Check out taxpolicynetwork.org/
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Mar 19
20% of companies with NO CAMT liability have spent over 100K to comply with it, in one-time costs:
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Mar 19
Very few firms say they will pay it every year, and because of the credit carryforward, we expect very little revenue to be generated.
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Jeff Hoopes retweeted
Mar 16
Don't give the NYT your money. Don't subscribe. Don't play their puzzles. Don't pay for The Athletic. We can return if they return someday to their purported purpose of informing and not just proselytizing. (And yes I know about Walter Duranty. But what was once occasional is now the mode.)
Mar 16
Wrong.
His predictions proved wrong.
They were not premature.
They were wrong. His understanding of the world was wrong. Faulty. Unrealistic. False. Falsified.
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Mar 14
Watching this, it becomes clear proponents of the tax have goals other than merely revenue generation. It really feels like billionaire flight is a feature, not a bug, for advocates of this tax.
Mar 13
Proponents of the CA billionaire wealth tax think they’ve nabbed innovators and job creators in their dragnet. Watch my debate @SIEPR with a key architect to learn why they’re wrong: the proposal is a major money loser for the state and will only export jobs, innovation, and opportunity.
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Jeff Hoopes retweeted
Feb 27
Recently had a chat with @ScottDyreng and @JeffLHoopes on Tax Chats in an attempt to further evangelize about Crypto Tax software errors, so if you have crypto transactions and haven't filed your taxes yet, check it out
podcasts.apple.com/us/podcas…
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