4 ms·
Before I can read this article, I think someone should explain the assumption that the middle class is "shackled" in the first place.
by kenster07 13y ago
Before I can read this article, I think someone should explain the assumption that the middle class is "shackled" in the first place.
- muzz 13y agoCertainly the middle class isn't being shackled by paying ordinary income tax rates of as much as 39% while VCs pay much lower taxes (previously 15%) as capital gains via the carried interest loophole. Certainly that isn't an advantage worth mentioning at all when comparing the struggles of the middle class to the opportunities available to VCs... http://en.wikipedia.org/wiki/Carried_interest http://en.wikipedia.org/wiki/Carried_interest http://www.avc.com/a_vc/2010/05/why-taxing-carried-interest-as-ordinary-income-is-good-policy.html http://www.avc.com/a_vc/2010/05/why-taxing-carried-interest-... http://www.npr.org/blogs/money/2012/01/19/145449117/carried-interest-why-mitt-romneys-tax-rate-is-15-percent http://www.npr.org/blogs/money/2012/01/19/145449117/carried-...