Skip to comments.Steve Mnuchin: Treasury will crack down on carried-interest loophole......
Posted on 02/14/2018 9:02:11 AM PST by caww
The Treasury Department and IRS will seek to prevent hedge funds from exploiting the new tax law to cut their taxes through carried interest, Steven Mnuchin said Wednesday in congressional testimony.
Mnuchin was responding to the news reported earlier in the morning by Bloomberg that hedge funds are setting up Delaware LLCs in large numbers to try to avoid the law's limitation on carried interest.
(Excerpt) Read more at washingtonexaminer.com ...
Good, anything to minimize the Dims from using this as a phony “us against them,” “rich plundering the poor” garbage talking points they like to use.
...”Good, anything to minimize the Dims from using this as a phony us against them, rich plundering the poor garbage talking points they like to use.”......
It’s going to take awhile this is a great start....on the table is always good.
See how fast they pull the plug on all of those high speed trading computers that confound the market and rip off average Investors.
He, He, yeah, two birds with one stone and tax relief for the minions who actually make the country work, too.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.