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Top Stories - Wall Street

Wall Street needs to give up its bargain tax rates

Full story: Fortune

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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ZIAmouth585

Albuquerque, NM

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#1
Feb 8, 2012
 
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.
morons united

Seattle, WA

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#2
Feb 8, 2012
 
Tax the rich. Every little bit helps.

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