Despite Trump Campaign Promise, Billionaires’ Tax Loophole Survives Again

“From early in the 2016 presidential campaign, Donald Trump swore he’d do away with the so-called carried-interest loophole, the notorious tax break that allows highly compensated private-equity managers, real estate investors (Trump!) and venture capitalists to be taxed at a much lower rate than other professionals.Yet the sweeping tax legislation released by House Republicans leaves the treatment of carried interest untouched.”  More …

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