Nope, that won't work. In nearly all cases, carried interest is taxed as capital gains income, which, in the case of the rich, is far more than 8.2%. See my OP for the tax rates on capital gains income.
Having read many bogus, pseudo-scholarly liberal economic "analyses," I suspect this 8.2% figure is based on a large pile of distortion and omission.
Really? And how often, if ever, do you really think that happens? Claiming a huge business-expense deduction for a vehicle is a good way to ensure you get audited by the IRS.
I should mention that the Trump tax cuts capped the tax deduction for state and local property taxes at $10K. This provision has hit the rich the hardest, since they pay far, far more in property taxes than average American workers do.
You must be kidding. Is this the kind of delusion that drives the liberal hatred of wealth and success? You think claiming an occasional high-end vacation as a business expense, even assuming a billionaire would take such a risk of prosecution for tax fraud, is going to bring down a billionaire's average tax rate to 8.2%? Really?
Again, large business-expense deductions are a common tripwire for an IRS audit. You can go to jail and/or pay a stiff fine for that kind of tax fraud.
You haven't established that billionaires pay an average federal tax rate of only 8.2%.
There is nothing on the White House website that documents the claim that the uber-rich pay an average federal tax rate of only 8.2%. Any White House OMB/CEA "analysis" that says they do should be available for scrutiny. Given the known tax rates on interest from savings accounts and CDs and from capital gains income, I'd like to know how billionaires could pay an average tax rate of only 8.2%.
Uh, so you think the Republicans have been ones who have blocked attempts to simplify the tax code?! Really?!
Stop making sense, leftists really hate that. They're allergic to sense.