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#10: Taxing Wages Like Capital Gains

The government has to pay its bills. So every time someone else uses a loophole to pay less taxes, you pay more.

That doesn’t mean every tax break is bad. Some benefit many people, like child tax credits or the mortgage interest deductions. Whether or not those policies are ideal, they have a straightforward policy justification.

Not so for all parts of our tax code.

On the April business days leading up to Tax Day, we’ll take a look at ten tax code features that only serve powerful, narrow interests.

In honor of April Fools’ Day, here’s one that’s so wrong it’s hard to believe it’s true: the carried interest name game.

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