The I.R.S. Tried to Stop This Tax Dodge. Scott Bessent Used It Anyway.
NegativeFinancial Markets

Treasury Secretary Scott Bessent has been found using a limited partnership to avoid Medicare taxes, a strategy that the I.R.S. has attempted to curtail. This revelation is significant as Bessent is now in a position overseeing the I.R.S., raising questions about the integrity of tax enforcement and the potential for conflicts of interest. The use of such tax dodges by high-profile individuals highlights ongoing issues within the tax system and the effectiveness of regulations designed to prevent tax avoidance.
— via World Pulse Now AI Editorial System
