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Politics : THE WHITE HOUSE

SPY 685.40

+1.2%

Jan 21 4:00 PM EST

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To: Bill who wrote (10745)	11/12/2007 6:59:59 PM
From: DuckTapeSunroof	Read Replies (1) of 25737

Perhaps you can explain the justification for the loophole then for me? Why do hedge fund investment managers get to only pay a 15% tax rate on the percentage they rake off of other people's invested money while OTHER investment managers at mutual funds, banks, insurance companies, etc., etc., must pay the regular graduated income tax rates on their income --- same as the rest of us? Why is that? They are doing exactly the same thing: managing investments.

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