How Harlan Crow Slashed his Tax Bill by Taking Clarence Thomas on Superyacht Cruises
RustyWizard @ RustyWizard @programming.dev Posts 0Comments 62Joined 2 yr. ago
RustyWizard @ RustyWizard @programming.dev
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It's more sinister than that. The article points out that the way the ownership of the yacht is controlled allows Crow to claim operating expenses as losses on his taxes, lowering his already low tax burden. Essentially, this bribery is occurring at the expense of taxpayers.