Do the Math and Vote
04/19/08 03:32 AM
Salary in the highest tax bracket is taxed at 35
percent, but profits from stocks held long enough to
be called “long-term capital gains” are
taxed at 15 percent. A hedge fund manager making $100
million in a year would pay $15 million to the
government if he is able to take his income as
capital gains, not the $35 million he would have to
pay if the income was considered salary.
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