Carried interest is the cut that hedge fund, private equity and venture capital investors take from their funds’ profits, which is taxed as capital gains and therefore at a far lower rate than regular income.

Carried interest has long been criticized as a giveaway to wealthy financiers. Opponents of the exemption include Republican and Democratic lawmakers and prominent business leaders including Warren Buffett and JPMorgan Chase’s Jamie Dimon. 

https://archive.ph/L3NtM#selection-973.0-983.162

 

Let's see if it happens. He actually campaigned on abolishing it during his 2016 run. 

 

1 minute ago, placeholder said:

Carried interest is the cut that hedge fund, private equity and venture capital investors take from their funds’ profits, which is taxed as capital gains and therefore at a far lower rate than regular income.

Carried interest has long been criticized as a giveaway to wealthy financiers. Opponents of the exemption include Republican and Democratic lawmakers and prominent business leaders including Warren Buffett and JPMorgan Chase’s Jamie Dimon. 

https://archive.ph/L3NtM#selection-973.0-983.162

 

Let's see if it happens. He actually campaigned on abolishing it during his 2016 run. 

 

Shame he was distracted by the 2x impeachment hoaxes then the gift from Faucis lab out east. Hopefully this time he will be allowed to govern without all the false distractions(shiny objects for the left).

Just now, SunnyinBangrak said:

Shame he was distracted by the 2x impeachment hoaxes then the gift from Faucis lab out east. Hopefully this time he will be allowed to govern without all the false distractions(shiny objects for the left).

I've got some exciting news for you. Trump addressed taxes in his 2017 tax bill. Before the impeachments and Covid. Try again

1 minute ago, placeholder said:

I've got some exciting news for you. Trump addressed taxes in his 2017 tax bill. Before the impeachments and Covid. Try again

During the phase you and the left cult were claiming he was an illegitimate President?

5 minutes ago, SunnyinBangrak said:

During the phase you and the left cult were claiming he was an illegitimate President?

I was claiming he was an illegitimate President? Was I talking in my sleep? Why are you stalking me in my bedroom?

6 minutes ago, SunnyinBangrak said:

During the phase you and the left cult were claiming he was an illegitimate President?

Are you claiming that Donald Trump is such a snowflake that allegations of illegitimacy would derail him from achieving his legislative goals even though he had majorities in the Senate and House?  Wow! You've pointed out to Democrats a powerful new weapon to use to oppose his agenda. Thank you so much!

The question is.   Are hedge funds' profits capital gains?  It is investment income? 

1 hour ago, SunnyinBangrak said:

During the phase you and the left cult were claiming he was an illegitimate President?

What on Earth are your going on about? Are you OK? High fever hallucinations? Need me to call you a doctor?

9 hours ago, TedG said:

The question is.   Are hedge funds' profits capital gains?  It is investment income? 

The issue is about the commissions they charge their clients. If the hedge fund isn't putting up its own money, then it shouldn't qualify as a capital gain. It wasn't their capital in the first place.