Taxing (Wall Street) Labor at Capital Gains Rates: “Heads I Win, Tails I Don’t Lose” Of all the disingenuous, self-serving, cockamamie lies arguments served up by the leveraged buyout — er, private equity — crowd to protect the (very) favorable tax treatment on their labor (called “carried interest”), the one that rankles the most is...Read More
Much Ado About Nothing 3.8% With ObamaCare set to take effect the next year(?), rumors are flying in the real estate community that the new federal health care law will impose a 3.8% federal tax on the sale of all homes. Will it? The answer’s not clear at the moment. But what is clear is that...Read More
Quid Pro Quo: Higher Rate for Inflation Indexing With Mitt (“Carried Interest”) Romney ascendant — and the U.S. deficit bulging — capital gains’ current, historically low tax rate (15% for long-term gains) is coming under intensifying scrutiny. Should capital gains be taxed higher — and more like earned income? Probably. But they almost certainly should be indexed...Read More
