why hedge fund managers should pay only 15% of their income in taxes while many other Americans pay at least twice that. (wage, salaries)
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The tax disparity results from an outdated rule that lets a money manager in a private partnership treat a chunk of his fees as if they were long-term capital gains, taxed at a special low rate of 15 percent...
President Obama has included a provision to end that special treatment in his most recent budget. For three years running, the House has passed a bill to close the loophole. In the Senate both Democrats and Republicans have resisted, all for fear of losing lucrative campaign donations.
Both Democrat and Republican Senators won't bite the hands that feed them.
First of all..who said hedge managers got $250K per year ?
The $250K per year are more than likely your neighbors, not hedge fund managers.
Yet..according to the government's definition of "rich", those $250K people are in the same realm as those $4 billion/year people.
Now I ask you..is that fair ?
Link proving that all of their income is only taxed at 15%?
I suspect you are referring to income from dividends from equity investments and not salary or wage income by those same hedge fund managers, would that be correct?
First of all..who said hedge managers got $250K per year ?
The $250K per year are more than likely your neighbors, not hedge fund managers.
Yet..according to the government's definition of "rich", those $250K people are in the same realm as those $4 billion/year people.
Now I ask you..is that fair ?
Fairness is not part of the equation for Communists. Revolution, central government power, and the creation of a permanent lower class upon which the elite class harvests its personal wealth is just what these fools are all about.
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