Andy Boardman

1.6K posts

Andy Boardman banner
Andy Boardman

Andy Boardman

@_andyboardman

law student @berkeleylaw. fmr @iteptweets & @urbaninstitute. Ocean State expat.

Bay Area 🔁 DC 参加日 Nisan 2011
894 フォロー中1.2K フォロワー
Andy Boardman がリツイート
Scott Greenberger
Scott Greenberger@sgreenberger·
Several GOP-led states are pushing higher sales taxes as a way to pay for other tax cuts. The moves will force lower- and middle-income residents, who spend a larger share of their earnings than the wealthy, to foot more of the bill for state services: stateline.org/2026/03/18/rep…
English
0
1
3
70
Ryan Radia
Ryan Radia@RyanRadia·
@_andyboardman @kpomerleau U.S. households with net wealth under $100 million (to use the Biden-Harris 2025 budget proposal) probably have at least $10 trillion in aggregate unrealized gains outside of those tax-advantaged vehicles, no?
English
1
0
0
39
Kyle Pomerleau
Kyle Pomerleau@kpomerleau·
The proponents of these proposals lean on the consistency argument to say that appreciation is income, so billionaires should be taxed. But the proposals only apply to very high-income households for some reason. They don't seem willing to tax imputed rental income!
Matthew Yglesias@mattyglesias

Separately, the idea of characterizing unrealized gains as "income" has never sat well with me — I don't think anyone is willing to actually apply that logic in a consistent way because it leads to some zany results.

English
5
2
12
3.6K
Andy Boardman
Andy Boardman@_andyboardman·
@kpomerleau I mean, it's a reason for the proposals to only apply to very high-income households. Not just revenue alone, but revenue / administrative/liquidity challenges.
English
1
0
1
35
Kyle Pomerleau
Kyle Pomerleau@kpomerleau·
@_andyboardman "go where the money is" is a different argument. And I'll note that gross imputed rental income on owner occupied housing is more than $2 trillion a year.
English
1
0
1
83
adam g
adam g@ahscarymunsters·
@_andyboardman Yeah, the gimmicky nature of stuff like this makes it seem more like a response (or overreaction) to "no tax on tips/overtime" rather than evidence of Dem PMC being allergic to taxes
English
1
0
1
16
Andy Boardman
Andy Boardman@_andyboardman·
I don't know if this is quite right. The Democratic base is increasingly upscale, but also other-regarding. Recent proposals seem to be more about out-competing on a theorized swing voter population.
Matthew Yglesias@mattyglesias

Democrats have developed an upscale voting base and they are starting to develop tax policy priorities to match it. Wonks who don’t like this (most of them!) need to join the fight for cultural moderation so we can avert this drift. slowboring.com/p/upscale-libe…

English
2
1
2
216
Andy Boardman
Andy Boardman@_andyboardman·
Perspective is helpful: Even with the proposed 9.9% millionaire tax in Washington state, the richest would continue to contribute a much lower share of their income than the bottom 95%.
Andy Boardman tweet media
ITEP@iteptweets

Washington state is on its way to enacting a millionaires’ tax. The plan comes with significant boosts in public education and child care along with more revenue from the wealthiest households that have been paying the lowest tax rates in the state. itep.org/washington-mil…

English
0
1
8
689
Jordan Weissmann
Jordan Weissmann@JHWeissmann·
@_andyboardman It also depends how high we’re going. The version the council has looked st is small enough that it might not do harm, but with the other taxes it would eliminate it doesn’t raise a massive amount of new revenue.
English
1
0
0
207
Andy Boardman
Andy Boardman@_andyboardman·
Rhetoric on the biz activity tax is getting out of proportion to the actual proposal. It's targeted at a small but expensive tax base gap: High-paid professional firms based in DC pay no DC tax if owners live across the border in VA/MD. Think K St. law firms, consultants, etc.
Jordan Weissmann@JHWeissmann

There are limits to how much we can raise taxes is that we are a geographically tiny city where service businesses can easily locate in one of the many office towers just over the river. Likewise, high-earners can move to Alrington or Bethesda, where they get better schools.

English
2
0
2
644
Andy Boardman
Andy Boardman@_andyboardman·
DC already has the lowest property tax rates in the region and a highly effective property tax credit for low and middle income residents. A property tax freeze is not a good idea.
Andy Boardman tweet media
Alex Taliadoros@AlexCTaliadoros

Freezing property taxes in DC is one of the worst policy ideas I've heard. It's a massive tax cut for people who own properties — including multimillion-dollar houses — paid for by DC residents who do not own homes. It also drains revenue from DC while we're in a fiscal crisis.

English
0
0
3
214
Andy Boardman
Andy Boardman@_andyboardman·
@Brendan_Duke I was curious how Wayfair stacks up, but best guesses there seem to be between tens and hundreds of billions of dollars. (And not as immediate.)
English
0
0
1
42