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Trump’s Riches and the Real-Estate Tax Racket

Click here for reuse options! The industry where you really can make billions and pay no taxes. This article appears in the Fall 2016 issue of  The American Prospect magazine. Subscribe here. When Mitt Romney released his tax returns in 2012, the average American got a rare inside look at how the wealthiest avoid taxes. Americans learned how private equity and hedge fund managers get huge tax breaks, such as the carried-interest loophole that allows ordinary income to be treated as capital gains.
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Trump’s Riches and the Real-Estate Tax Racket

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This article will appear in the Fall 2016 issue of The American Prospect magazine. Subscribe here. W hen Mitt Romney released his tax returns in 2012, the average American got a rare inside look at how the wealthiest avoid taxes. Am...

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