Posted on 06/25/2015 4:53:33 AM PDT by rellimpank
Valerie Jarrett, a friend of President Barack Obama who is also one of his top advisers, benefited from an income-tax loophole that the president has said unfairly helps the wealthy and well-connected a tax break that Jarrett herself has tried to close.
The carried interest benefit Jarrett received may have saved her $200,000, according to records and interviews.
The term refers to the performance fee paid to real estate developers, as well as private equity and hedge fund managers for managing other peoples money when their deals or funds exceed certain profit thresholds.
(Excerpt) Read more at chicago.suntimes.com ...
Yeah, well - President ValJar is moar equal than you are.
SS detail, that is...
I love how the headline refers to Jarrett as a ‘Top Aide’.
More like ‘De Facto President of the United States’.
Small Change.
I suspect VJ is pulling in 10-20M/year thru deposits to banks in Switzerland.
Nothing was stopping her from voluntarily paying ordinary income tax rates on that money.
Interesting that the Chicago Sun-Times is running with this. Has Barry done something to PO the rest of the Windy City Mob?
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