Quote:
Originally Posted by Relentless
Carried interest is a share of the profits of an investment or investment fund that is paid to the investment manager in excess of the amount that the manager contributes to the partnership. In theory it is something 'available to everyone' because anyone can create their own hedge fund or investment bank. Saying that most people are not able to do that is exactly the same as saying poor people have no ability to invest for long term capital gains or lack the funds to make tax free bonds a viable option.
Your argument would be stronger if you thought carried interest was just fine. The fact that you understand in reality carried interest is a loophole, available only to some, leads to the parallel conclusion that long term capital gains and tax free bonds are actually investment instruments also not truly 'available' to a large segment of the working population.
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No, you're incorrect once again.
Anyone can invest their earnings and pay 20% on their investment earnings.
Thats called a tax rate.
carried interest is a loophole where an investment managers EARNINGS are TREATED as something other than earnings.
Thats called a loop hole.