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> “It becomes a pretty glaring problem when you have ultra-rich individuals layering loopholes on top of loopholes to dodge both the NIIT and Medicare taxes,” s
by jameslk 2y ago
> “It becomes a pretty glaring problem when you have ultra-rich individuals layering loopholes on top of loopholes to dodge both the NIIT and Medicare taxes,” said Sen. Ron Wyden, chair of the Senate Finance Committee, in a statement.
Those evil ultra rich! How can they get away with this?…
> Behind closed doors, Democratic leaders hashed out a compromise that carved active business owners out of the tax.