Your #4 is incorrectReader comment on: Seven Myths About Romney's Taxes Submitted by Fast Eddie (United States), Jan 24, 2012 09:17 The entire $1 Million in your #4 is put up by an investor. None of it is put up by the hedge fund manager. The long term capital gain in earned entirely on the investor's money. The fee that the fund manager earns (20% in your example) is money paid to him as a form of regular income. IT IS NOT A CAPITAL GAIN EARNED ON THE MANAGER'S MONEY AND SHOULD NOT BE TAXED AS A CAPITAL GAIN. Mr Stoll you have pushed this 'carried interest' issue very hard again and again and I can't but wonder if you have some sort of conflict of interest here. I certainly hope not, but for a fellow who is normally very rational you seem to have a remarkable blind spot here. Note: Comments are moderated by the editor and are subject to editing. Other reader comments on this item
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