Re:Taxation of Carried Interest
by greedo on Sunday June 10, 2018 @01:37PM
(#17279163)
It's not like munis are a gift; they are repaid through taxes on the citizens of the city/county/state. TANSTAAFL.
[ Parent
| on HN ]
Right, but those citizens are paying less than they otherwise would if the lenders were taxes on the proceeds. That discount could be considered a "gift" from the federal government to both local governments and lenders, whose taxes are lower than they would be if muni income were taxed.
Re:Taxation of Carried Interest
by infinite8s on Sunday June 10, 2018 @03:30PM
(#17279790)
Yes, and that 'gift' comes in the form of higher nominal taxes for everyone else.