Top 10 Billionaire
Name Game
Name Game
To tax reformers, his vast fortune certainly smells--but not in the pleasing manner promised by his name.
Who is Elon Musk?
The top tax rate on these two types of investment income can be little more than half the top rate on work income.
What are capital gains and dividends?
Its members fought the British government in a bloody bid for unification of their island nation.
What is the Irish Republican Army?
TCJA: "Show caution vaulting cars"
What is: "Take care jumping autos"?
No Mickey Mouse dodges at this magic kingdom of tax avoidance.
What is Disney?
This Alphabet founder shares his name with the place you'll find your Google search results.
Who is Larry Page?
GOP tax writers apparently feel little remorse for creating this discounted tax on the offshore profits of U.S. corporations.
What is GILTI?
It comes in both standard and Roth varieties.
What is an Individual Retirement Arrangement?
TCJA: "Scary animals shake with rage"
What is "Terrifying creatures jostle angrily"?
With so much practice, by now it can phone in its tax dodging.
What is T-Mobile? (Judges will also accept Verizon)
His is the only name that could be attached to a news report about billionaires that didn't include himself.
Who is Mike Bloomberg?
Climb the ladder of outrageous loopholes and near the top you'll find this special break that makes investment gains disappear for tax purposes.
What is stepped-up basis?
It imposed a minimum tax on the book income of the nation's largest corporations.
What is the Inflation Reduction Act?
TCJA: "Leading artists come aboard secretly"
What is "Top creators join anonymously"?
Its accountants can deliver a tax dodge overnight.
What is FedEx?
His name sounds like he was the one who soothed the growing pains in the early days of Microsoft.
Who is Steve Ballmer?
This loophole for money managers has long managed to maintain the attention of reformers.
What is carried interest?
Though only meant to provide a secure old age for average workers, it can be transformed into a huge piggy bank for the rich.
What is an Individual Retirement Arrangement?
TCJA: "Travel-fixated young bean counters"
What is "Trip-crazed junior accountants"?
Its prime tax dodges create smiles at corporate headquarters.
What is Amazon?
Want the words to describe the repeated striking of a serve-yourself meal? Drop the final "T" from this billionaire's name.
Who is Warren Buffett?
In order to reduce their taxes, even publishers avoid using this measure of profits.
What is book income?
Though now under threat, $80 billion in increased funding for IRS customer service and tax enforcement was provided by this measure.
What is the Inflation Reduction Act?
TCJA: "Very nearly over-sanitized"
What is "Too clean, just about"?
This firm's tax dodges run into the hundreds of millions.
What is Nike?