The #IRS plans to end a major tax loophole for wealthy taxpayers that could raise more than $50 billion in revenue over the next decade, the U.S. Treasury Department says.
@GottaLaff I'd heard authorities had cracked down on schemes like the infamous Double Irish (https://en.wikipedia.org/wiki/Double_Irish_arrangement) with Dutch Sandwich (longtime Apple move) but it seems there are still plenty of creative / sneaky accounting games the tax-dodgers can still play.😡 (BTW, MAGA Mick Mulvaney's brother was, may still be, head of Apple's little-known Braeburn Capital arm.)
@GottaLaff@virtuous_sloth That seems to be people's default response to most positive news - it's not enough, too slow, too late. Okay, but let's just enjoy the good news and fight for more ✌️
@virtuous_sloth@GottaLaff Read your reply again Bruce. It sure sounds snarky to me, whether that was intentional or not. Personally I like any loopholes getting closed. My first reaction wasn’t to try and belittle the amount. It still sounds like a large figure to me.
@GottaLaff@virtuous_sloth I am reminded of the late Everett Dirksen who said something to the effect of “A billion here, a billion there, pretty soon you’re talking real money”.