Unconvincing

Reader comment on: Gramm on Carried Interest

Submitted by BillD (United States), Apr 5, 2013 14:57

Gramm sets up a strawman. Gordon never said hedge fund managers "don't work hard". I assume most of them do.

That doesn't make management fee earnings capital gains. Look at the real estate management industry. They provide a management service, charge a management fee, incur management expense. Income is regular earnings. They generally work hard too.

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The Future of Capitalism replies:

Carried interest of managers in real estate investment partnerships is taxed the same way as hedge fund managers. Long term gain, long term rate.

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Title By Date
My solution: [93 words]LyleApr 7, 2013 18:16
⇒ Unconvincing
[w/response] [56 words]		BillDApr 5, 2013 14:57

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