Re:Taxation of Carried Interest
by Lazare on Sunday June 10, 2018 @05:37AM
(#17277350)
> If you abolish corporate taxation, (rich) people will just use them to avoid taxes.
That's already a loophole, or it would be, except the tax code has already closed it. You're about 40 years too late.
> Company car? Check.
Already taxed, heavily. The whole "just hide your income in a company" gambit doesn't work. Corporations are already taxed much lower than the top marginal rate of income, so people already want to do this.
> Money sitting on a bank ledger can't do nearly as much as money in a venture capital fund.
The whole point of a "bank" as a concept is that they solve this issue through maturity transformation. Your money doesn't just sit on a bank ledger; it gets lent out to do things such as, yes, invest in venture capital funds.
Re:Taxation of Carried Interest
by gcb0 on Sunday June 10, 2018 @07:18AM
(#17277594)
it now have to be overseas company in Panama... because the upper middle class was getting in on the corporate tax thing so they had to raise the bar just a little to keep the status quo.
That's already a loophole, or it would be, except the tax code has already closed it. You're about 40 years too late.
> Company car? Check.
Already taxed, heavily. The whole "just hide your income in a company" gambit doesn't work. Corporations are already taxed much lower than the top marginal rate of income, so people already want to do this.
> Money sitting on a bank ledger can't do nearly as much as money in a venture capital fund.
The whole point of a "bank" as a concept is that they solve this issue through maturity transformation. Your money doesn't just sit on a bank ledger; it gets lent out to do things such as, yes, invest in venture capital funds.