“The constant theme running through our tax code is paying taxes is mandatory for working people, but optional for wealthy investors and mega-corporations. That’s especially true when it comes to pass-through businesses and partnerships, the preferred tax avoidance tools for those at the top,” said Wyden. “On the one hand, the rules are too complex for working people who don’t have armies of lawyers and accountants. On the other hand, complexity allows the wealthiest individuals and most profitable corporations to decide when, and whether, to pay taxes at all. This proposal simply reduces complexity by closing loopholes that allow those at the top to pick and choose when, and whether, to pay tax. Raising more than $172 billion for priorities like child care and paid leave by closing off these loopholes is a no-brainer.” Thoughts? 🧠 #taxloopholes #taxlaw #partnership #wyden #taxstrategy #taxattorney #taxgame #business https://www.instagram.com/p/CViyKQqp8jv/?utm_medium=tumblr