Rich Americans hide "billions" offshore thanks to tax loophole, Senate panel finds

The wealthy buy loop-holes, just look at Kirsten Sinema's threat to kill Biden's "Inflation Reduction Act" if the "carried interest" loop-hole was removed.

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We still have to close tax loopholes that make it "shockingly easy" for the wealthiest people in the world to get away with hiding so much money


Don't expect Democrats or Joey Xi Bai Dung to close those loopholes soon.
That would expose all the hidden corrupt stores of money of Joey and his family.
Remember that for years in the Senate Joey always showed just his Senate salary to the IRS while supporting a mansion in Delaware, a home on the beach all well beyond his means.
One would suspect that like Chief Inspector Clouseau, Biden has lived a very frugal life to afford such a high lifestyle.

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