You really should listen to this interview. CNBC Hedge Fund Loop Hole He seems very rational, thorough and he covers one of Trump's biggest lies so far very well.
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"Druckenmiller says the tax proposal is unfair to doctors and lawyers in states where taxes will go up dramatically, while "you have these multi, multibillionaires — with carve-outs — let's be clear. Carried interest ... you're making money on somebody else's capital. It's not on your own. If that's not income, I don't know what is."
President Donald Trump promised during his campaign that he would eliminate this loophole, saying hedge-fund managers were "getting away with murder."
But he has packed his administration with billionaires and former Wall Street executives. The finance industry has pressed hard to preserve carried interest."Don't we Republicans get tired of our reps selling out to wealthy donors?
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WAPO Plan Encourages Off Shoring
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5 comments:
You have discovered the problem with the tax code. First, it's easy to hide things in 70,000 pages. Second, one man's loophole is another man's fair share.
It isn't hidden. It is there even though Trump promised to get rid of it.
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I wonder if the GOP will really go ahead and pass this flawed legislation? I mean there are good things in it, but there seem to be a lot of warts.
Tax Plan Disapproval Grows
One would think the GOP would have learned the consequence of passing unpopular legislation from the DEMs and ACA. And this plan is much less popular than ACA.
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