Posted on 09/07/2015 7:15:07 AM PDT by expat_panama
That's a logically consistent view, and if our only goal was raising taxes then we could consider also imposing income tax levies on say, disaster victims given medical care. FEMA teams could include IRS auditors to assess any aid that should be taxed in kind. Likewise maybe taxing families of U.S. military personnel killed in combat and interred at Arlington at enormous expense to the American taxpayer. OK, so 'shock-talk' aside our choice is to whether our goal is tax-no-matter-what or is it simply to maintain order.
wrong tax policy to transform a performance bonus into capital gains where there is no risk of loss.
One operative question is whether there is in fact "no risk". A fund manager who craps out looses his career and spends the rest of his life in court. Another point is the fact that 'carried interest' is more often than not left in the fund and not spent, so all them taxes got to be taken out of other earnings to cover income that never actually 'came in'.
cap·i·tal gainnounnoun: capital gain; plural noun: capital gains
Please acknowledge that it is describing what capital does and not from whom the capital came from.
Trump is right on this one.
imho he was wrong on a bit more than just Pelosi being "the greatest."
Actually that might be a good idea. Forget the talk about taxing capital gains at the ordinary income rate and just lower the ordinary income rate to the capital gains rate. Seriously tho, does anyone here think that the idea has any chance in hell of ever happening? In the mean time, Trump is not interested in lowering any taxes. His push is raising taxes on the evil capitalist hedge demons.
I’m old enough to remember my law partners trying to transmute ordinary income into capital gains during the 1980’s, usually by some real estate purchase accompanied by a loan. The tax reforms in the later 1980’s coupled reduced rates for ordinary income with repeal of the capital gains slight of hand my partners engaged in.
So, risk of loss is important .. if my law partnership failed to make its income goal for the year and my share was less than it was expected to be, I should only pay capital gains rate?
Sorry, hedge fund managers should not receive tax breaks on carried interests unless they have their own money invested just like the other fund participants.
Trump’s proposed tax rates would be lower than present rates for all classes of income, which seems like a reasonable exchange for removing favorable treatment from hedge fund carried interests.
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Ah. You hate all hedge funders, the decision is final, so there’s no point in ever finding out who they are or what they do. Good to be clear on this. “
I will worry about what they think when they care about my concerns and my needs. In the meantime the GOPE just needs to pay their damn taxes since they are helping their Dem friends spend it.
Nice try, but as the hedge fund managers have no capital invested, they have no capital gains. Everything they earn should be taxable as earned income.
Trumo is actually talking about lowering the corporate tax to ZERO. That would make a very big difference. He is also mentioning changing the tax structure for hedge fund managers and those types. He is correct about their pay structure paying as if their bonuses are actually ROI income or taxable at the capital gains rate. That is total BS.
Trump says he will have a proposal for taxes and economics by the end of the month. If it is as cogent and forceful as his immigration paper it will be very interesting.
That’s a brilliant change. Let’s start calling them labor taxes.
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