Originally Posted by Loneiguana
Whats changed? Seriously? tax shelters aren't a problem now?
Tax shelters are not problems like they were pre-86. As the top marginal rates have gone back up, some tax benefits have crept back into the system, but they're nothing like the passive investment shelters (e.g. chinchilla farms) of the 70s. They will be if rates keep getting pushed up though. You can count on that.
"Well, it is one thing for Bill Clinton to say, I feel your pain. It is another thing for Barack Obama to say I feel your pain that I have caused." - George Will