The Soapbox

BocaHoo91

Joined: 06/03/2005 Posts: 31007
Likes: 52333


I'm mostly on your side on this, and I'm a fan of Romney, but the one


area where I will say there is a problem is with "carried interest". The PE/Hedge fund guys are able to structure their comp so their performance based compensation (the vast majority of their comp) gets favorable capital gains treatment but it's bullshit, it's really a performance bonus that should be treated as ordinary income (or extraordinary income as is the case with a lot of the big hedge fund guys).

I don't fault Romney for taking advantage of this, and I'm not sure how much of his low tax rate was due to carried interest or due to the fact that most of his income was in legitimate LTCGs, but it's a "problem" with taxes paid by the PE / Hedge fund class that should be fixed.


[Post edited by BocaHoo91 at 10/07/2019 12:04PM]

(In response to this post by VaTechie)

Posted: 10/07/2019 at 12:01PM



+1

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