Your #4 is incorrect

Reader 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.


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Other reader comments on this item

Title By Date
Waste of Time [9 words]BlakeJan 24, 2012 13:33
Myth No. 4. Applying the long-term capital gains rate to carried interest is a government subsidy [54 words]BobJan 24, 2012 10:49
Subsidy [126 words]K. WilliamsJan 24, 2012 09:50
Why miss out the biggest myth ? [276 words]Lee MooreJan 24, 2012 09:28
⇒ Your #4 is incorrect [129 words]Fast EddieJan 24, 2012 09:17

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