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Ok - no one has trust in the tax system, my guy. We know it’s mangled beyond recognition.
CPA here who does taxes for hedge funds and PE firms. The tax code is an absolute joke that hurts the middle class and lets the rich get away with paying almost nothing. We all knew that already, just confirming that it is true.
Could?
No no no, that’s impossible. Of course everybody trust the tax system in USA completely. Trust it to favor the rich. And this case will 100% strengthen that trust.
I assume this will be challenged and found illegal. Anyone have industry knowledge?
I have industry knowledge on bridges, and would be happy to sell you a new one.
