Drain The Swamp II

[Eddies66]

Originally Posted by Dick Nearhoof

So about 20%, probably more than Warren Buffet, darling of the left, who takes advantage of the tax code "carried interest" clause. He could claim it as regular income & pay the rates, but why would he, it's perfectly legal, As President Trump did carrying business losses forward. I don't write the tax regs, but smart accountants take advantage of them. I know of never other country that would allow what's happening at US southern border. But maybe I'm wrong.

Now we have to consider my wife's business, we do file separately. I do trust my CPA of 15 years. I am for a 10% flat tax with no loop holes.

[Dick Nearhoof]

Originally Posted by Eddies66

Now we have to consider my wife's business, we do file separately. I do trust my CPA of 15 years. I am for a 10% flat tax with no loop holes.

I'm all for that!