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antigop

(12,778 posts)

10. and they avoid capital gains tax, according to a tax loophole

Sat Feb 7, 2015, 09:59 AM

Feb 2015

Page 107 of "Why I Left Goldman Sachs" by Greg Smith:

In retrospect, I recognized that this was also the trade of the century for Hank Paulson. To avoid conflict of interest while at the government, he was obligated to sell all his Goldman stock ($500 million worth) at the top of the market, before the crash. Also, due to a tax loophole, for accepting government service, he avoided paying capital gains tax.

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Wall Street Pays Bankers to Work in Government and It Doesn't Want Anyone to Know [View all] Octafish Feb 2015 OP

Gotta get their minions in there octoberlib Feb 2015 #1

Dick Cheney pioneered the piratization process at the Pentagon... Octafish Feb 2015 #3

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When you allow capital to rule economic systems fasttense Feb 2015 #39

K&R! marym625 Feb 2015 #2

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yes, I read that marym625 Feb 2015 #13

yes i read that... StoneCarver Feb 2015 #33

You hit the nail on the head marym625 Feb 2015 #34

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He wasn't counting on Elizabeth Warren noticing. Octafish Feb 2015 #7

Don't forget the relatives of politicians (e.g. Chelsea Clinton and hubby). nt Romulox Feb 2015 #5

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Legalized corruption Faryn Balyncd Feb 2015 #8

Word. Octafish Feb 2015 #12

Exactly right. tclambert Feb 2015 #25

and they avoid capital gains tax, according to a tax loophole antigop Feb 2015 #10

Bless their little offshoring hearts. Octafish Feb 2015 #16

It's hard to have any hope. Yes, it's rigged, but I thank you, Octafish, for all of your posts. nt antigop Feb 2015 #26

In Europe, Greece is a perfect example, Wall St, Goldman Sachs to be precise, installed GS People sabrina 1 Feb 2015 #11

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The corruption in Europe is so blatant, the only conclusion to come to as to why it is allowed to sabrina 1 Feb 2015 #19

thank you for bringing this to my attention madokie Feb 2015 #14

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I'm willing to sell, but I'm just a serf. JEB Feb 2015 #18

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It going to take more than pitchforks JEB Feb 2015 #32

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I know who knows the answer. In fact, he'd lock up every crook in government. Octafish Feb 2015 #42

Thanks for this information. midnight Feb 2015 #23

Citigroup’s Man Goes to the Treasury Department Octafish Feb 2015 #43

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Kicked Enthusiast Feb 2015 #29

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There is a mountain of corruption from sea to shining sea. Enthusiast Feb 2015 #49

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Uncorrupted Dems don't grow on trees. Enthusiast Feb 2015 #50

k&r. Thanks for posting. nm rhett o rick Feb 2015 #31

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Great information throughout the thread marym625 Feb 2015 #35

K&R DeSwiss Feb 2015 #36

To the Greatest Page. woo me with science Feb 2015 #37

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Well that's dramatically corrupt Rose Siding Feb 2015 #40

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On top. On top. woo me with science Feb 2015 #44

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I can sure understand why critics would call that deferred compensation/government employment Trillo Feb 2015 #48

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