The reason Donald Trump doesn’t want us to see this is not because we might get mad at him or even that it might cause him to lose the election. It’s because if the front page of every newspaper publicized this tax loophole (well-known even to rookie real estate developers), there would surely be enormous public pressure on Congress to close it.
…rate, because his profits from private equity were still taxed at capital gains and dividend rates. Having this loophole closed would cost Trump potentially billions of dollars in future profits, and that’s worth way more to him than an election.
…ger at Wall Street from the followers of both Donald Trump and Bernie Sanders. The system is rigged. Companies are forced to outsource workers not by the market of real goods and services where supply and demand set the right price, but by financial markets, where greed sets the price. We use the term “the market” for both these things, but they are not the same.