Carried interest allows hedge fund managers to pay a 15% tax rate on their incomes. Why can’t us chumps get that same deal? Obama mentioned removing it during his campaign, another broken promise.
Update: I really think that 15% if you run a small hedge fund is fine! But if you’re making over 150k a year you should pay 45% on the income derived after 150k a year. That’s just excessive.
It’s not the first, certainly not the last before he’s out of office. Maybe we can get a person that can be honest enough and have the cojones enough to push what they say thru Congress and get passed thru and bring the country out of its current state.