Oh come on.

Reader comment on: The Senate on "Carried Interest"

Submitted by David in NY (United States), May 10, 2011 15:44

False equivalency. The "capital gains" of those managing other people's money aren't capital gains in any real sense (though they are due to a peculiarity of partnership law -- and these folks are crafty enough to be partnerships). In the real sense, they're ordinary income and should be taxed as just -- just like a firefighter's ordinary income.

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