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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (121083)2/27/2010 1:11:37 PM
From: John Koligman  Read Replies (2) | Respond to of 132070
 
Mike, it really burns me when the R's talk their 'tax cut' mantra over and over again. As shown by the income tax stats, their buddies already pay minimal rates on huge amounts of income. IMO it's a national disgrace, especially when those at the bottom and middle are really getting hit. Check out these stats for the top hedgies, I'd bet they also paid a15% 'carried interest' tax rate on these dollars.

Regards,
John

April 16, 2008 Top Hedge Fund Earners for 2007
From Alpha magazine:

1 John Paulson Paulson & Co. $3.7 billion
2 George Soros Soros Fund Management $2.9 billion
3 James Simons Renaissance Technologies Corp. $2.8 billion
4 Philip Falcone Harbinger Capital Partners $1.7 billion
5 Kenneth Griffin Citadel Investment Group $1.5 billion
6 Steven Cohen SAC Capital Advisors $900 million
7 Timothy Barakett Atticus Capital $750 million
8 Stephen Mandel Jr. Lone Pine Capital $710 million
9 John Griffin Blue Ridge Capital $625 million
10 O. Andreas Halvorsen Viking Global Investors $520 million

Of course, that's pre-tax.



To: Knighty Tin who wrote (121083)3/1/2010 4:16:46 PM
From: Bill/WA  Read Replies (2) | Respond to of 132070
 
Maybe some of these "rich" should reflect on these historical tax rates
taxpolicycenter.org
Geeze, what happened after the '70's?? <G>