Phrases with «interest loophole»

The phrase "interest loophole" refers to a way of avoiding or minimizing the amount of money you have to pay in taxes on interest earned from things like savings accounts or investments. It is a legal shortcut that allows individuals or businesses to reduce their tax burden and keep more of their earnings. Full definition

Sentences with «interest loophole»

  • And, he suggests imposing a millionaires tax and closing the carried interest loophole as two ways to increase revenue. (spectrumlocalnews.com)
  • That carried interest loophole makes your tax bill higher. (suffolktimes.timesreview.com)
  • He also called on lawmakers to close the carried interest loophole that allows billionaire hedge - fund managers to pay a lower tax rate than teachers do on portions of their earnings. (uft.org)
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