Expired: Mortgage Debt Relief Act Metaphorically speaking, if someone takes their foot off your throat . . . are you better off? I suppose. But, I wouldn’t say that you’re well off — just that your pain has been relieved.* What’s the distinction? Up until last year (2012 in Minnesota), homeowners whose mortgage was reduced in...Read More
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