Just as torturing helpless animals as a child is a good sign of a psychopath, corrupt politicans usually cut their teeth on land deals.

And in an email, Dennis Wingo explains what Harry Reid did:

First, Harry buys the land for $400k in 1998.

Second, he sells it in 01 (before the Bush tax cuts) for $400k, with no net capital tax gain.

Third, he sells it again in 04 and pays personal capital tax gain at 15% the rate in 04.

This is a $165k tax on a $1.1M sale.

If that had been a sale through a company, the sale would have been taxed at the corporate tax rate of 35% or $385k. The difference is $220k in his pocket by the way that he accounted for the sale.