Ray Madoff
speaker
553 appearances
2 recordings
2 series
first heard Apr 2026
last heard 22 May
Ray Madoff’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in May 2026 with 1.
Appearances
I agree conceptually that we need to bring in investments and inheritances.
I think that description is a little bit, I want to push back a little bit on the, because the alternative minimum tax is a, what that is, is it something that disallows deductions.
Mm-hmm.
OK, so you can't take a charitable deduction.
You can't take a home interest deduction.
It doesn't do anything about the problem that we have in our system of the failure to tax appreciation, which is a problem of realization that's separate from alternative from deductions and about the failure to tax inheritances.
which, again, are subject to broad exclusion.
So the problem that we have, as I see it as a tax person, I share the desire for the solution, which is we need to bring investments and inheritances into the tax system, but I disagree with the alternative minimum tax and estate tax framing.
the alternative minimum tax for that reason that I say.
The alternative minimum tax is really about deductions.
And so it's not really about all these things that are written out of the system.
You say, well, then we should write them into the system.
So that's how I would focus on it.
I agree.
We should bring in appreciation.
The problem is if you tax appreciation as it occurs currently each year,
I don't know if you're proposing that.
So how are we going to handle this appreciation?
We have all these guys that are walking around with hundreds of billions of dollars.
When are we going to tax those gains?
Showing 81–100 of 553 · page 5 of 28
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