i approve forcing hedge fund to pay the same rate, but this rate should be lower. So many hedge fund managers are democrats who advocate higher taxes on others, but not themselves
“So many hedge fund managers are democrats who advocate higher taxes on others, but not themselves”
Eliminating carried interest will hit leftist billionaires such Tom Steyer, Warren Buffett, Soros, Jon Corzine, and the boys at Goldman Sachs hard.
It won’t affect the 20% capital gains rate for the average middle class taxpayer with stocks in her/his retirement portfolio.
Generally I’m not for higher taxes but at least this one might actually reduce some of the millions of dollars progressive billionaires give to leftist political candidates and causes.