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Why is it so hard to tax billionaires? (Part 2)
PJ Vogt
Allison also proposed a third solution, eliminating the carried interest loophole. That's essentially a loophole that allows private equity executives to avoid income tax on most of their take-home pay. If you don't like this fix and don't work in private equity, please send me an email. I would love to know more. But closing both of these loopholes seems like a pretty good start.
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