Robert Reich on Nostr: The carried interest loophole lets the super-rich pay less tax by treating their ...
The carried interest loophole lets the super-rich pay less tax by treating their income as capital gains.
It's allowed private equity firms to avoid paying $1 trillion+ in income taxes since 2000.
VP Harris backed a proposal to close the loophole. This is a big deal.
Published at
2024-08-29 16:34:33Event JSON
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"content": "The carried interest loophole lets the super-rich pay less tax by treating their income as capital gains.\n\nIt's allowed private equity firms to avoid paying $1 trillion+ in income taxes since 2000.\n\nVP Harris backed a proposal to close the loophole. This is a big deal.",
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