Carried interest anyone?
It's a tax device that lets financiers and wall street brokers accumulate massive amounts of income but pay half the taxes on it. They end up paying lower rates than many middle class families. Sadly, the present tax reform bill does not address this loophole, despite many politicians using the carried interest loophole as facets of their campaign that they promised to fix. So we now have a bill that is going to raise rates for some middle class families, but continue to allow hedge fund managers to pay half their taxes. What do you think?
