George #Soros and other #HedgeFund managers have a huge deferred Tax Bill due in a couple of years – Bloomberg Business

Many hedge fund managers used the tax deferral strategy which was abolished in 2008 by President George W. Bush. The Congressional Joint Committee on Taxation estimated in 2008 that the new rules would generate about $25 billion in revenue for the U.S. Treasury over the ensuing decade, including $8 billion in 2017. 

See the whole article on how Soros accumulated his billions on Bloomberg:  George Soros’s Tax Bill – Bloomberg Business

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