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It's not necessarily that they're declaring no income, it's that their income is entirely composed of long term capital gains which are taxed at a lower rate th
by pitaj 5y ago
It's not necessarily that they're declaring no income, it's that their income is entirely composed of long term capital gains which are taxed at a lower rate than standard income tax.
- PaulDavisThe1st 5y agoThat's not actually the point of the ProPubica piece. The central point there is the treatement of unrealized capital gains.