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One can argue that carried interest as applied at hedge funds is extremely unfair, but it also applies down at the lower end of the spectrum when small business
by coredog64 8y ago
One can argue that carried interest as applied at hedge funds is extremely unfair, but it also applies down at the lower end of the spectrum when small businesses are formed as partnerships with unequal contributions.
- amluto 8y agoAnd that’s fine. With this proposal, it simply won’t be a loophole any more. You can slice and dice the income however you like, and everyone will be taxed at (roughly) that same rate that they would be if they worked a regular job and earned the money the usual way.