Sweeping Reform Would Tax Capital Gains Like Ordinary Income

Re:Sweeping Reform Would Tax Capital Gains Like Ordinary Income by amluto on Sunday April 07, 2019 @11:48AM (#19597522)

I rather like this idea. Among other effects, it will get rid of the "carried interest loophole" for real, since carried interest will be taxed just like everything else.

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Re:Sweeping Reform Would Tax Capital Gains Like Ordinary Income by coredog64 on Sunday April 07, 2019 @12:27PM (#19597849)

One can argue that carried interest as applied at hedge funds is extremely unfair, but it also applies down at the lower end of the spectrum when small businesses are formed as partnerships with unequal contributions.

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Re:Sweeping Reform Would Tax Capital Gains Like Ordinary Income by amluto on Sunday April 07, 2019 @12:53PM (#19598081)

And that’s fine. With this proposal, it simply won’t be a loophole any more. You can slice and dice the income however you like, and everyone will be taxed at (roughly) that same rate that they would be if they worked a regular job and earned the money the usual way.

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