Difference between revisions of "Carried Interest Debate (Blog Post)"
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− | < ref name = "hillald">[http://www.bloomberg.com/politics/articles/2015-09-29/trump-clinton-lines-on-hedge-fund-tax-payments-puzzle-experts] R. Rubin, 'Trump, Clinton Lines on Hedge Fund Tax Payments Puzzle Experts', ''Bloomberg'', (New York City: September 2015) </ref> | + | <ref name = "hillald">[http://www.bloomberg.com/politics/articles/2015-09-29/trump-clinton-lines-on-hedge-fund-tax-payments-puzzle-experts] R. Rubin, 'Trump, Clinton Lines on Hedge Fund Tax Payments Puzzle Experts', ''Bloomberg'', (New York City: September 2015) </ref> |
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Revision as of 11:34, 10 June 2016
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Abstract
To many, the concept of carried interest is confusing or meaningless, and the question as to why anyone would debate something so arcane is even more so. In all likelihood, the concept of the exorbitantly wealthy Wall Street bankers or hedge-fund managers is much more familiar, so we will start from there. The objective of this blog post is to shed some light on the obscure world of "hedge funds," explain why the managers are perceived to pay so little tax, and explore recent political developments that may or may not affect that perception in the future.
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First, let's clear one thing up. When Donald Trump and Hillary Clinton rally against "hedge-fund managers" for paying so little tax, [1]