Friday, March 09, 2007

Tax Lawyers and Accountants

This is actually worse than it sounds. The likely result is not only that more possibilities for loopholes for the ultra-rich will be created, but that those loopholes will be so extraordinarily complicated that they of course require the services of the tax lawyers and accountants who help to exploit them. Tax code gets more complicated AND the superrich benefit, provided they know which tax lawyers to hire.