tag:blogger.com,1999:blog-5794535954827182754.post4776438172352471433..comments2024-02-17T04:06:00.805-05:00Comments on Just Not Said: The carried interest deductionJohn Craighttp://www.blogger.com/profile/08729625146043379286noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-5794535954827182754.post-16119411144358031862011-07-16T13:33:39.946-04:002011-07-16T13:33:39.946-04:00Anonymous --
Thank you for making that distinctio...Anonymous -- <br />Thank you for making that distinction clear. Your level of understanding is obviously better than mine.John Craighttps://www.blogger.com/profile/08729625146043379286noreply@blogger.comtag:blogger.com,1999:blog-5794535954827182754.post-17239912657959071762011-07-16T13:18:16.749-04:002011-07-16T13:18:16.749-04:00The hedge fund managers only get the long-term cap...The hedge fund managers only get the long-term capital gains rate to the extent that the income they generate is long-term capital gains to their investors--that is, the asset is held for at least a year and a day. Most hedge fund managers are active traders whose positions are held for less than a year, and their short positions are all taxed at regular income rates, regardless of holding period. The group that most benefits from this is private equity fund managers, another overprivileged group who arguably add little value. To paraphrase Abe Lincoln: "A government of the special interests, by the special interests, and for the special interests, shall not perish from the earth."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5794535954827182754.post-54251559682167826182011-07-14T13:58:03.714-04:002011-07-14T13:58:03.714-04:00RACCAR --
And you're in the finance business, ...RACCAR --<br />And you're in the finance business, too, which proves that 99.99% of people are unaware of this, which is why they get away with it. This issue needs to be exposed to more sunlight.John Craighttps://www.blogger.com/profile/08729625146043379286noreply@blogger.comtag:blogger.com,1999:blog-5794535954827182754.post-54220610785738549982011-07-14T13:50:49.684-04:002011-07-14T13:50:49.684-04:00Good summary, including peripherals. Dan Malloy d...Good summary, including peripherals. Dan Malloy dodged questions on this topic, among others, on his CNBC interview yesterday. I have to admit that I was not up to speed on the subject.RACCARhttps://www.blogger.com/profile/06735455252484848606noreply@blogger.comtag:blogger.com,1999:blog-5794535954827182754.post-69269261225991295552011-07-13T04:42:52.045-04:002011-07-13T04:42:52.045-04:00Dave --
Not a bad suggestion. But then the same wo...Dave --<br />Not a bad suggestion. But then the same would have to apply to mutual fund managers and even stock and bond traders, all of whom do nothing more than shift paper around. (But at least those guys pay regular taxes.) <br /><br />Much as it pains me to say so, Obama is right about this one.John Craighttps://www.blogger.com/profile/08729625146043379286noreply@blogger.comtag:blogger.com,1999:blog-5794535954827182754.post-81422981066113651082011-07-12T22:51:44.866-04:002011-07-12T22:51:44.866-04:00i have gone full circle and think hedge funds shou...i have gone full circle and think hedge funds should be taxed at double the rate . they add zero to the society . i do not buy the are efficient at allocating capital. some are better than others but they are really not value added players to a society. tax them at 100%!Dave Moriartyhttps://www.blogger.com/profile/11280611549973778922noreply@blogger.com