Democratic Primaries
In reply to the discussion: I hope Harris will explain her appointment to, and work for, the CA Medical Assistance Commission [View all]bluewater
(5,420 posts)In the same spirit of your OP, "believing the primaries should include vetting of what candidates said and did" just over the last 2 years:
"Former vice president structured his speaking, writing business in a way that cut his tax bill
The presidential candidate and his wife used a strategy that let the couple avoid paying a 3.8% self-employment tax on book and speech income.
By Richard Rubin
Democratic presidential candidate Joe Biden used a tax loophole that the Obama administration tried and failed to close, substantially lowering his tax bill.
Mr. Biden and his wife, Dr. Jill Biden, routed their book and speech income through S corporations, according to tax returns the couple released this week. They paid income taxes on those profits, but the strategy let the couple avoid the 3.8% self-employment tax they would have paid had they been compensated directly instead of through the S corporations.
The tax savings were as much as $500,000, compared to what the Bidens would have owed if paid directly or if the Obama proposal had become law.
Theres no reason for these to be in an S corpnone, other than to save on self-employment tax, said Tony Nitti, an accountant at RubinBrown LLP who reviewed the returns."
https://www.wsj.com/articles/joe-biden-used-tax-code-loophole-obama-tried-to-plug-11562779300
Lucrative appointments to Commissions, Creative use of tax loopholes... it should all be vetted.
Better now than in the General Election.
primary today, I would vote for: Joe Biden