==I skimmed the wikipedia article and it looks like it's just like ISOs, but for investment managers?== If you are saying that investment manager inventives sh

==I skimmed the wikipedia article and it looks like it's just like ISOs, but for investment managers?== If you are saying that investment manager inventives should be taxed as "performance-based compensation for management services", then you are arguing for it to be taxed as regular income. This is how bonuses are taxed for everyone else.