Rex Tillerson Can Keep Tax Break After Leaving Secretary of State Job After a Year
Rex Tillerson has departed as Secretary of State after a year, but he gets to keep one giant perk: a multimillion tax break he received when he left his job as CEO of ExxonMobil to join the Trump Administration. The tax break — more accurately a tax deferral — came as Tillerson sold his stake in ExxonMobil to avoid a conflict of interest when entering the Administration and likely worked as a significant boost to his net worth, The move allowed him to take advantage of a provision of the federal tax code that permits incoming public ...
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