Quote:
Originally Posted by spence
You're ignoring your own cut and paste...The UK decided instead to nearly double their capital gains rate on EVERYBODY.
All a carried interest correction would do is ensure that partners pay a similar tax rate for their labor as other investment advisers already do for basically the same job. If anything, it's a more simple and consistent tax code.
But, I guess if I had a golden goose I'd want to protect it as well.
-spence
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BRILLIANT!!!! complain about the unfairness that a tiny minority supposedly enjoy and solve it by screwing EVERYONE...
sounds like Jimmy's AMT conundrum
didn't ignore anything...it makes the point that the "complaint" In 2007, the
favourable tax rates on "carried interest" attracted political controversy.
[
It was said that cleaners paid tax at a higher rate than the private-equity executives whose offices they cleaned....
the solution to end this incredible unfairness enjoyed by the "uber-rich paying cash for Porsches unfairly gotten as a result of carried interest" was to raise the capital gains tax on
EVERYONE from 10% to 18%......apparently to make things fairer for those not getting the carried interest benefit????...somehow??? victory???
although
carried interest continues to be treated as gains and not income
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