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A comment on A majority of Americans support raising the top tax rate to 70 percent. Parent comment

Re:A majority of Americans support raising the top tax rate ... by hackeraccount on Wednesday January 16, 2019 @04:06PM (#18925248)
It used to be that all interest was deductible.
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Re:A majority of Americans support raising the top tax rate ... by danans on Wednesday January 16, 2019 @07:31PM (#18927198)
This seems ripe for tax evasion. Two parties could loan each other the same amount, through different shell entities, and both could deduct the interest on the payments to the other.
[ Parent | on HN ]