The reason for corruption: Billionaire GOP donor Mercer avoided $6.8 BILLION in taxes
From the great New Yorker piece on Mercer.
http://www.newyorker.com/magazine/2017/03/27/the-reclusive-hedge-fund-tycoon-behind-the-trump-presidency
Mercer is THE primary funder of Breitbart, around $10M per year. He funded Trump and Cambridge Analytica.
And he has a matter before the government to get a $6.8 BILLION tax writeoff. And that's in addition to his hope to get the GOP to cut taxes on the rich, as we have seen Ryan discuss about the AHCA and tax changes.
This is the reason Trump is ruining America and our government is corrupt -- Billionares and corporations are making investments in politicians.
"Renaissance’s profits were further enhanced by a controversial tax maneuver, which became the subject of a 2014 Senate inquiry. According to Senate investigators, Renaissance had presented countless short-term trades as long-term ones, improperly avoiding some $6.8 billion in taxes. The Senate didn’t allege criminality, but it concluded that Renaissance had committed “abuses.” The I.R.S. demanded payment. (Renaissance defended its practices, and the matter remains contested, leaving a very sensitive material issue pending before the Trump Administration.)"
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