Re:The Revival of Concorde
by dragonwriter on Friday September 18, 2015 @07:42PM
(#10242684)
> (unless they are hedge fund managers who pay lower tax than almost everyone else)
Everyone whose income is largely derived through long-term capital gains does this, really; hedge-fund managers just happen to be people who seem like they are working for someone else but manage to get paid for that work in a way that gets them taxed like capitalists.
(Which might explain while a few notable actual major capitalists -- who don't favor general reform of taxation on capital -- have come out in favor of reforms that would tax hedge-fund manager earnings like normal income.)
Everyone whose income is largely derived through long-term capital gains does this, really; hedge-fund managers just happen to be people who seem like they are working for someone else but manage to get paid for that work in a way that gets them taxed like capitalists.
(Which might explain while a few notable actual major capitalists -- who don't favor general reform of taxation on capital -- have come out in favor of reforms that would tax hedge-fund manager earnings like normal income.)