You're wrong again

Reader comment on: Daily News on Carried Interest

Submitted by Fast Eddie (United States), Jan 26, 2012 11:59

Mr Stoll, your 'Seven Myths....' post may have said that "this isn't about how little guys get treated compared to billionaires....." but, in fact, the carried interest issue is exactly about how little guys get treated compared to some of the big guys who get politicians to continue cutting them this slack in their taxes. Some day, maybe, you will tell us exactly why it is OK to treat a performance fee as a capital gain. So far, in all of your posts on this subject, you have defended carried interest without giving a thorough rationale for such disparate treatment of what is obviously ordinary income.

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The Future of Capitalism replies:

Which little guys? Murdoch, Buffett, Zuckerman, Bloomberg?

Not obvious to me...the managers only get it if they have gains, not if they have losses.

Also, it's been this way for a long time, so changing it would amount to a big tax increase.

Finally, why should the managers get worse tax treatment than their investors do on the same gains?

Other reader comments on this item

Title By Date
⇒ You're wrong again
[w/response] [106 words]		Fast EddieJan 26, 2012 11:59
↔ You're still wrong, Mr Stoll [271 words]Fast EddieJan 26, 2012 16:10
↔ Take the discussion to another level
[w/response] [130 words]		John GillisJan 26, 2012 17:28
↔ Try it at the state level first. [98 words]LyleJan 26, 2012 21:53
↔ fortunately the regulators at the local level are losing [59 words]John GillisJan 27, 2012 08:57

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