Originally Posted by patteeu
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.
Are you ****ing serious? Carried interest for PE guys, transfer pricing, LPs, Swiss bank accounts (up until a few years ago), Cayman island crap like the thread I started.
Tax shelters are just as much a problem now as then. The problem is that the gop has consistently defanged enforcement agencies so the IRS goes after small fries instead of large tax cheats.