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Politics : THE WHITE HOUSE -- Ignore unavailable to you. Want to Upgrade?


To: Bill who wrote (10745)11/12/2007 6:59:59 PM
From: DuckTapeSunroof  Read Replies (1) | Respond to 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.