The ‘elites’ in DC hire the best CPA’s around... but better than that they write the laws that give breaks to people like themselves AND their friends in business.
When someone they don’t like uses the tax code AS IT IS SET UP they use that information to attack. Don’t kid yourself - liberal elites have save the best for themselves... and that includes tax benefits for the people who ‘build nothing, produce nothing and feed off the taxes paid by American citizens...’
Superb post. Thank you.
Lois Lerner's husband, Michael Miles, is a partner at the mega law firm of Sutherland Asbill & Brennan LLP. A portion of his bio reads:
Michael also advises on consolidated return issues, the general taxation of corporations and shareholders, the taxation of regulated investment companies, and the application of withholding rules (including FATCA). He has substantial experience in advising clients on the tax consequences of proposed mergers and other reorganizations, reinsurance transactions, stock and asset acquisitions, and dispositions, distributions, and redemptions.
Before joining Sutherland, Michael served as an attorney in the Office of the Chief Counsel of the Internal Revenue Service (IRS). He has more than 30 years of experience in handling federal tax controversies, first for the IRS and now for the firm’s corporate and individual clients, as well as substantial experience in obtaining rulings for clients on corporate tax and other matters and in practicing before the IRS.
I find it interesting that Ms. Lerner retained her maiden name, a common practice in DC. Although a date of marriage wasn't found, they have two daughters, well into their 20s.
I wonder how many times her husband used his prior affiliations at the IRS to extract better deals for his clients? These two people are players practiced in the "Aristocracy of Pull."