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.
Other reader comments on this item
|My solution: [93 words]||Lyle||Apr 7, 2013 18:16|
[w/response] [56 words]
|BillD||Apr 5, 2013 14:57|
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