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URL:  https://boards.fool.com/how-a-powerful-industry-conquered-the-tax-system-34853299.aspx

Subject:  How a Powerful Industry Conquered the Tax System Date:  6/13/2021  12:50 AM
Author:  CountNoCount Number:  103159 of 104427

https://www.yahoo.com/news/private-inequity-powerful-industr...

Don't like to pay taxes? Just join this in-group.

There were two weeks left in the Trump administration when the Treasury Department handed down a set of rules governing an obscure corner of the tax code.

Overseen by a senior Treasury official whose previous job involved helping the wealthy avoid taxes, the new regulations represented a major victory for private equity firms. They ensured that executives in the $4.5 trillion industry, whose leaders often measure their yearly pay in eight or nine figures, could avoid paying hundreds of millions in taxes.


>>>>>>>>>>

But if your income is not in eight or nine figures, don't bother to apply.

CNC
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