The 15-percent special rate could create a massive new tax shelter that would allow the wealthy to funnel their money through sham partnerships.
Ron Wyden: “The 15-percent special rate could create a massive new tax shelter that would allow the wealthy to funnel their money…”
Editor's note · Context
Wyden warns about potential tax shelter abuses from the proposed tax rate.
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This interpretation is wildly inconsistent with the longstanding treatment of other provisions that use identical or near-identical language.





