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To: austingirl
Well the hedge fund guys will dislike this plan because it eliminates what is called "carried interest" which basically let's them treat their income as long-term capital gains instead of ordinary income and they pay a lower rate of 20% instead of the current maximum rates for ordinary income of 39.6%.

Essentially this plan would increase there tax rate from 20% to 25% (the new maximum tax rate on ordinary income).

116 posted on 09/28/2015 9:29:22 AM PDT by RoosterRedux (Trump: As long as you are going to be thinking anyway, think big.)
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To: RoosterRedux
Well the hedge fund guys will dislike this plan

If i were a hedge fund guy I would love this plan. Their income comes from after tax business profits. If the businesses they control have lower tax and our more competitive in world markets then the hedge fund guys will have higher income and stock prices go up. Its an overall win.

120 posted on 09/28/2015 9:32:33 AM PDT by Raycpa
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