Tag Archives: income tax

Special Taxes for Special Wealth: Why Is Investment Income Different?

Special Taxes For Services

The carried interest provision is absolute nonsense. If you are being paid to make investments from different people’s money, you’re working, and that’s income from labor. It is a pure giveaway to a small group of rich folks that give huge quantities of money to politicians. For instance, six of the ten millionaire donors to Mitt Romney’s super PAC are from hedge funds or other investment companies. The larger and greater arguable issue is whether or not […]

Read more