CRITICS SAY TRUMP APPOINTEES CAN DODGE A HUGE TAX BILL. THAT'S NOT THE CASE. “Not only is Donald Trump giving a gang of billionaires control of our government, he’s offering them a special tax break just for signing up.”
That was Senator Elizabeth Warren, Democrat of Massachusetts, last week criticizing what has been called a “loophole” in the tax code that allows government appointees to defer paying taxes on stock sales. These appointees — who currently include some of the wealthiest people in the country — are typically required to sell all of their stock in individual companies to comply with conflict-of-interest rules, and this tax-deferring aspect of a 1989 law is meant to help offset that requirement. Click here for the full article from the New York Times (1/9/17).