Carry Interest
Submitted by whecht on Fri, 01/20/2012 - 13:02
Carry Interest is one of the most disgusting parts of the current tax code.
Rarely are there such obvious examples of big tax breaks that serve ZERO public interest.
Of course, few things were as bad as the QTE law that Senator Grassley got changed which cost me my job at Sumitomo. Carry interest might cost the Treasury more money but is far less disgusting that the QTE rules.
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