> GP gets 2% in management fees. Only at the most senior level. Most GPs only get carry, and then maybe 40 - 60k a year of salary if they get any salary at all

> GP gets 2% in management fees. Only at the most senior level. Most GPs only get carry, and then maybe 40 - 60k a year of salary if they get any salary at all. And for the ones that do get management fees, they pay normal taxes on that.