Follow at @johnsfinancetips for more Personal Finance Cheat Codes! Ok, so this is the simplest way I could think of to explain the carried interest loophole. I normally don’t mind a good tax loophole here and there. Things like Section 179 or 1031 exchanges because they are accessible to everyone. But carried interest loophole is literal TRASH. It applies to about 0.0000001% of the population, yet cost hundreds of millions maybe even billions in lost revenue. At it’s core it’s a bunch of rich old white guys working in private equity crying about how there is “risk” in their bonus so it’s like an investment so they get to pay less in taxes. Keep in mind - YOU, ME, and LITERALLY everyone you know likely will NEVER in there lifetime come close to touching this loophole with a 10 foot pole. This is one solely and squarely for the mega rich. Oh and they just bought off a Senator from Arizona to keep it alive. Hmmm strange didn’t know Wall St. was in Arizona... #carriedinterest #incometax #taxes #taxloophole #personalfinance #johnsfinancetips