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Aug 2022
26m 29s

The Tax Loophole That Won’t Die

The New York Times
About this episode
Carried interest is a loophole in the United States tax code that has stood out for its egregious unfairness and stunning longevity. Typically, the richest of the rich pay 40 percent tax on their income. The very narrow, select group that benefits from carried interest pays only 20 percent. Earlier versions of the Inflation Reduction Act targeted carried ... Show More
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