Whats Fair When it Comes to Taxes?

[mlmpetert]

^^ Sorry im just getting back to this. Okay so it sounds like your only beef with capital gain treatment is when it comes to the carried interest rule. I get both sides of carried interest rule but the thing to remember is that there are 2 sides to this complicated rule.

When you have partners of a private equity firm only taking income via selling long term capital gains of shares of the private companies they became vested during the course of their ownership, in the holding company their owners of, its important to remember that corporate income taxes have been, are being, or will be paid on the shares of those private companies they own. Its still a 15% tax on top of actual earnings and future earning valuations. And theres still risk in private equity, i think most would say private equity has more inherent risk then public companies, as the market is much less efficient and illiquid.

^ Warren Buffet's secretary needs to release her tax return if they want to keep this up. What they claim makes no sense.

How Rich Is Warren Buffett's Secretary? - Megan McArdle - Business - The Atlantic