politicaltipster
Jr. Member
Posts: 264
|
 |
« on: February 25, 2008, 05:16:20 AM » |
|
I've actually worked in Investment Banks so I disagree that Investment Bankers are 'workshy'. After all, 70 hour weeks are the norm going up to 100+ in certain areas. I also don't agree with punitive taxation (i.e the 70% top rate that was common before Reagan).
I think the point that Hillary was trying to make was that certain HF managers are using a tax loophole to avoid paying income tax (declaring comission income as carried interest). That sort of tax dodging needs to be cracked down upon ASAP. I wouldn't object to rasing the top rate back to 39.6% as it was under Bill Clinton either.
|
