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Time to load up on debt! Good thing interest is tax deductible.. This is more of a game than anything. There will always be ways to reduce the tax burden, and
by charlesdm 12y ago
Time to load up on debt! Good thing interest is tax deductible..
This is more of a game than anything. There will always be ways to reduce the tax burden, and I find that changes are often made without really properly thinking them through.
Closing loopholes is great, but rethinking critical parts of the law can also create a whole set of loopholes if not done properly. Which, considering we're human, is always the case.
- justincormack 12y agoMany people have suggested removing the tax loophole that is interest on debt. It might have to be coordinated but I would not be surprised if it happens.
- rjtavares 12y agoWe're talking in a context of companies having billions is cash/cash equivalents just to avoid paying taxes. It's pretty much a win win situation.