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4min chapter
The Tax Loophole That Won’t Die
The Daily
The Tax Break With Nine Lives
Michael Wolraich: How private equity companies are taxed really has nothing to do with how the companies they own are performed or how much money they're going to be investing in a place like Arizona. But of course, Andrew, as you already told us, this loophole looks like it's safe. It's the tax break with nine lives. He says closing the loophole would bring in $14 billion over 10 years that could otherwise be used for social programs and education. "It just creates an even greater sense that the system is rigged," he adds.
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