First Carried Interest, Then Founders' Stock

http://www.futureofcapitalism.com/2011/03/first-carried-interest-then-founders-stock

It looks like those warning that the next target for the tax-increasers after carried interest would be founders' stock were correct. The Tax Prof blog reports on a presentation at Stanford Law School in which a law professor's article "questions the prevailing view that we should tax founders at a low rate" and argues, "Taxing founders at a low rate is a conspicuous loophole in the fabric of our progressive income tax system, uniquely undermining our shared commitment to equal opportunity and distributive justice." More: "it would be normatively desirable to eliminate the tax subsidy and instead tax gains from founders' stock at the same rate as labor income."

by Ira Stoll  |  Mar 2, 2011 at 10:21 pm Related Topics:  Taxes receive the latest by email: subscribe to the free futureofcapitalism.com mailing list