tag:blogger.com,1999:blog-5263344203998045622.post2966359742455436266..comments2024-03-28T01:06:58.927-06:00Comments on mid coast views: Congress subsidizes hedge fund billionairesMichael Rosenhttp://www.blogger.com/profile/00350109037494237071noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5263344203998045622.post-22242716734883056682008-04-18T10:13:00.000-06:002008-04-18T10:13:00.000-06:00Mr. Rosen:I usually disagree with you on most thin...Mr. Rosen:<BR/><BR/>I usually disagree with you on most things, but you are right on here. I am a CPA. who performs tax planning and tax prep for many people in all income brackets. It is not right that a hedge fund manager's "carried interest" gets taxed at capital gains rates. I think that this should be changed. If it someone's job to invest, like hedge fund managers are, then all of their compensation should be subject to ordinary income tax rates. I also believe that some one who makes their living off of investments should have those earnings taxed at ordinary income rates, except for people as of retirement age. I think people who do not derive most of their income from investing should have their investment income taxed at the current capital gain and dividend rates.Anonymousnoreply@blogger.com