Monday, December 18, 2017

Winners in the tax scam

Hartmann below discusses a NYT article by that name. Some of the winners:

1. Real estate developers get a tax rate of only 29%. And if you buy a new property with money from another property then no taxes on the latter.
2. Big corporations with locations overseas have to pay no taxes on that income, and can bring that income back to the US with an 8% tax rate.
3. Heirs to fortunes pay no taxes on their inheritance.

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