Epstein Secrets

antage of a loophole in the tax code that Barack Obama tried to plug. The Wall Street Journal's Richard

ook advantage of a loophole in the tax code that Barack Obama tried to plug. The Wall Street Journal's R

n holds a rally in Philadelphia. (Matt Rourke/AP) 2020 WATCH: -- Former vice president Joe Biden took advantage of a loophole in the tax code that Barack Obama tried to plug. The Wall Street Journal's Richard Rubin reports: "Mr. Biden and his wife, Dr. Jill Biden, routed their book and speech income throu

WATCH: -- Former vice president Joe Biden took advantage of a loophole in the tax code that Barack Obama tried to plug. The Wall Street Journal's Richard Rubin reports: "Mr. Biden and his wife, Dr. Jill Biden, routed their book and speech income through S corporations, according to tax returns the couple

n holds a rally in Philadelphia. (Matt Rourke/AP) 2020 WATCH: -- Former vice president Joe Biden took advantage of a loophole in the tax code that Barack Obama tried to plug. The Wall Street Journal's Richard Rubin reports: "Mr. Biden and his wife, Dr. Jill Biden, routed their book and speech income throug

ead 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." -- "Unlike Joe Biden, I was a pro-busing Democrat in 1972," by Walter Shapiro in Roll Call: "A long time ago — in fact, t

ook advantage of a loophole in the tax code that Barack Obama tried to plug. The Wall Street Journal's R

WATCH: -- Former vice president Joe Biden took advantage of a loophole in the tax code that Barack Obama tried to plug. The Wall Street Journal's Richard Rubin reports: "Mr. Biden and his wife, Dr. Jill Biden, routed their book and speech income through S corporations, according to tax returns the couple r

anagers are allowed to keep for themselves as compensation is treated as capital gains and taxed at about half the rate of ordinary income. President Barack Obama has called for that income, known as carried interest, to be taxed at ordinary income tax rates, saying the payments are more like income from a serv

private equity managers, gets treated as capital gains, with a top basic rate of 20 percent as opposed to the ordinary income rate of 39.6 percent. Obama and other Democrats have been trying since 2007 to change that law with little success. Camp is wrapping a change to carried interest inside a recons

izes long-term capital investment, which he and other members of the House Ways and Means Committee have purported to support.” With assistance from Richard Rubin in Washington. To contact the reporter: Brett Ferguson in Washington at [email protected] To contact the editor responsible for this story: Cheryl Sa