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by Shivetya 1893 days ago
Sadly Congress isn't going to fix this because it requires a much simpler tax system instead of one that is filled from end to end with special carve outs and rules.

When our current President subscribes to using tax law shenanigans to avoid paying taxes you can damn well bet much of the rest of Congress and high ranking state leaders will be found doing the same. One of the larger avenues of abuse is through S Corporations which let individuals shunt off income thereby avoiding certain types of taxes. It is also used by leadership of various charitable organizations to redirect money for purposes many would think fraudulent; like using them to buy homes for use by organization leadership or cover business jet ownership

1 comments

Those who know the rules of a game and can play it well are often best suited to make good changes as long as incentives align.