If you, as a company, can get a deal that I, as a company, cannot get, you can compete with me but not on the merits, because your tax burden is not the same as mine.
As a beneficiary of the carried interest loophole, I've seen firsthand the lack of any difference between the work involved in generating a carried interest and the work done by millions of other professionals who are taxed at the full 35 percent rate.
A Tax Loophole: A deduction that the other guy gets.
The tax code gives you an enormous advantage if you can find some things you can just sit with.
No matter who you are, if you have a $30 operating loss, you can carry it forward to the next year. And poor people do take advantage of that, also.
I don't blame anybody for using the tax code to their advantage.
The capital gains tax is 15 percent now. So I sit there in my office and I make a lot of money by capital gains, and I pay 15 percent, and I pay no payroll tax on it.
When I look at what Donald trump have proposed, you have what is called now the Trump loophole, because it would so advantage you and the business you do.
I just want to be married, or just engaged. Basically, I just want a ring. And the tax break.
The tax-exempt privilege is a feature always reflected in the market price of [municipal] bonds. The investor pays for it.
We should expand health savings accounts so people can save in a tax-advantaged way for more routine healthcare needs.
If you're in a situation where your effective tax rate is so much lower than any other company, then obviously you have a much better position when it comes to compete on prices and everything else.
In those countries where income taxes are lower than in the United States, the ability to defer the payment of U.S. tax by retaining income in the subsidiary companies provides a tax advantage for companies operating through overseas subsidiaries that is not available to companies operating solely in the United States. Many American investors properly made use of this deferral in the conduct of their foreign investment.
