@CoryBooker "carried interest" violates section 7701(o) of IRS Code - "economic substance" - it is taxable as COMPENSATION at 35% tax rate
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@CoryBooker Under section 7701(o) of the Code, the "carried interest" partnerships will be disregarded & compensation is fully taxableThanks. Twitter will use this to make your timeline better. UndoUndo
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@CoryBooker@Numerologynow Billions more for Treasury if the IRS cracked down on "carried interest" under 7701(o)Thanks. Twitter will use this to make your timeline better. UndoUndo
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@CoryBooker@Numerologynow Billions more will come into Treasury if the IRS cracked down on "carried interest" under 7701(o)Thanks. Twitter will use this to make your timeline better. UndoUndo
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@CoryBooker@Numerologynow Your Patriotism definition "everyone pays their fair share" - Is 50% not paying "fair"?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@CoryBooker how about flat tax for everyone and no deductions but chatity and home mortgage?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@CoryBooker@numerologynow define for me how much of the money we earn should the government be allowing us to keep?#fair shareThanks. Twitter will use this to make your timeline better. UndoUndo
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@CoryBooker@Numerologynow Carried interest is the low hanging fruit. All agree (even VCs). Any thoughts about more contentious "loopholes"? -
@jerrykern@CoryBooker@Numerologynow Billions more for Treasury if the IRS cracked down on "carried interest" under 7701(o)
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@CoryBooker In normal times maybe a stretch. In this election cycle? Maybe not so much.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@CoryBooker However, reading between the lines. The article was AP (Rupert Murdoch) the same man on the board of PBS. Stretch?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@CoryBooker@numerologynow the problem here is that u still haven't actually defined "fair share." -
@RedStateVoter@CoryBooker all I am asking for is a Number-WHAT % OF INCOME IS CONSIDERED "THEIR FARE SHARE" by the#DNC -WHATS THE NUMBER ? -
@Numerologynow@corybooker he can't define it, but he's more than willing to call us unpatriotic for not paying our fair share.
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@CoryBooker two words: capital gains. When Reagan was in, he raised it to 28%. It's now 15%.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@CoryBooker Why is it so called FACT CHECK is everywhere this morning as I peruse the internet news? One from "NPR" slammed Bill Clinton.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@CoryBooker Dramatic tax code simplification, right? Almost impossible to run a small biz and be in compliance right now.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@CoryBooker@Numerologynow Exactly. Most of us build something or provide a service, and pay 30ish%. They destroy the economy and pay 15%Thanks. Twitter will use this to make your timeline better. UndoUndo
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