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S Hrg 117 459CLOSING the TAX GAP LOST REVENUE from NONCOMPLIANCE 2022

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S Hrg 117 459CLOSING the TAX GAP LOST REVENUE from NONCOMPLIANCE 2022

6627 2022-2025 Form

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[Music] on the campaign Trail Barack Obama decried the carried interest loophole for Hedges and other private funds as folks who are doing very well paying lower rates than their secretaries now though however the former president is using a nearly identical strategy to minimize his potential capital gains taxes to as low as 20 percent almost half of what many ordinary working Americans pay this is ing to new reporting from investigative journalist Lee Fong who joins us now to break it all down welcome back Lee hey thanks for having me yeah thanks for joining us um you're right in describing it as uh you know Obama's you know a defining part of his presidency was talking about the carried interest loophole you know he talked about it uh in many public addresses uh and many you know debates it was in almost every single uh budget request he sent to Congress in his eight years in office uh and it was a defining part of how he got reelected you know he vilified Mitt Romney

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