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Can Trump End the Hedgefund loophole?

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Terrel L. Shields

Elite Member
Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas

He will be fought by the wealthiest of this nation.

  • President Donald Trump has renewed calls to end a popular Wall Street tax break.
  • The “carried interest loophole” refers to favorable tax treatment for certain compensation received by private equity, venture capital and hedge-fund managers.
  • Investment fund general partners pay long-term capital gains on carried interest held for more than three years.
 
By all means, let's close it. It'll incentivize them to figure out how to restructure to get around it but that can't be helped.
 
No he can't and he won't...there is no benefit to the bankers and oligarchs. The Democrats biggest funding comes from dark money and so does the Republicans and neither is going to end it.
 
No he can't and he won't...there is no benefit to the bankers and oligarchs. The Democrats biggest funding comes from dark money and so does the Republicans and neither is going to end it.
That’s the hard truth whether we like it or not. He can’t no matter how much we may wish for it.
 
There should be a special (read 'high') tax for hedge funds and high frequency traders. Way too many loopholes.
 
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