The "carried interest" rule for hedge fund managers needs to end or be modified by the Buffet rule or by taxing capital gains as ordinary income. This rule is strictly in place to benefit a few. Hedge fund managers manage other peoples money yet are compensated as if its "their" money thus the lower capital gains tax rate.
Reagan treated capital gains as ordinary income. That's good enough for me.
Wall Street needs to give up its bargain tax rates
Politics has moments when it's actually useful. Case in point is the uproar over Mitt Romney's tax returns , which may help rid us of a small but noxious and symbolic loophole worth several billion dollars a year to managers of investment partnerships.
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Taurus
Be careful if you're supposed to be saving money, because it's likely to fly through your fingers in no time at all today. You're open to all sorts of delicious impulses now, such as splashing out your hard- earned cash on little treats or big purchases. Indulgence is the key here, and you'll also want to push the boat out if you're going to a restaurant for a meal. You'll work your way through the menu, regardless of the cost.
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