[FoRK] Seemingly, hedge fund managers do enjoy 15% tax rate

[Adam L Beberg]

Russell Turpin wrote on 5/5/2008 3:58 PM:
> Now, yeah, I'm happy to see those who do this well make billions, and no,
> I wouldn't want to destroy the incentive for starting and running hedge
> funds, and no, I don't necessarily want anyone to be taxed more. Still, 
> it was only three weeks ago that I wrote a check to the IRS, and my
> effective tax rate was quite a bit more than 15%. And by FoRK standards,
> I'm poor. ;-)

They should raise it. The outflow of a million people from Manhattan to 
other countries would lower the rents :) And Clinton is already talking 
of moving the top tax bracket up to 39%...

So get off your butt and start a business, then you won't have to pay 
any taxes either, outside the US if you're smart.

-- 
Adam L. Beberg
http://www.mithral.com/~beberg/