Detailed text transcripts for TV channel - MSNBC - 20171218:16:45:00
There ain't no hedgefund managers carrying anything. the fund makes money, usually in the millions, a big chunk going to the investor. but like the old ship captains, 20% goes back to the fund manager. that 20% is carried interest. the fund manager pays 23.8% tax on the money, a 20% capital gains tax and 3.8% investment tax. that's how it should be according to those who view fund managers as entrepreneurs. the idea is that entrepreneurs should reap rewards from selling somebody something they built. others argue for closing the loophole, saying 20% is without a doubt income. in that case, the...
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