Spaceballs and the IRS data book are here

$5.1 trillion in predicted box office

What I’m reading…

Ropes & Gray (June 2025): Preparing for ETFs as a Share Class

James Garland (1987). Taxable portfolios: Value and performance

Alpha Architect (June 2025): Concentrated Stock Risk, Tax Drag, and a Smarter Path Forward.

Tax Policy Center: The One Big Beautiful Bill Is Designed For The Wealthy. The Senate Still Has Time To Change That.

Tax Pol…