Oz is up to the plate in his hearing confirmation today. He reminded his audience of his background in medicine, and his 10 Emmy awards. He also, on point, insisted that reducing fraud, waste and abuse from the CMS (Centers for Medicare and Medicaid Services) will keep it solvent, and decrease the national deficit. " Oz avoided paying some Medicare and Social Security taxes for three years by using an accounting tactic that has been questioned by the government, according to a memo prepared by Senate Finance Committee Democratic tax staff and obtained by The Post. Oz and his advisers told committee staff that the tax maneuver is allowed." I'm not a tax expert, but this sounds to me like legalized abuse for rich guys.
I'm sure Elon will be right on that loophole. Anything in the tax code that allows millionaires to not pay any Medicare/Medicaid taxes falls under the heading of "abuse."
