Investors reject Romney tax break as welfare for the rich

[Chris]

Most international investors say a tax break allowing private equity and hedge-fund executives to pay lower tax rates than many average Americans isn’t warranted, according to a Bloomberg survey.

As the release of Republican presidential candidate Mitt Romney’s 2010 tax return heats up debate over a 15 percent top rate on so-called carried interest, two-thirds of those surveyed in the Bloomberg Global Poll say the tax break is unjustified. The lower levy helped Romney, former head of Bain Capital LLC, pay an effective rate of 13.9 percent on $21.6 million of income, when the top income tax rate is 35 percent.

Jonathan Sadowsky, chief investment officer at Vaca Creek Asset Management LLC in San Francisco, said he favors eliminating the break because he’s concerned about government deficit spending.

“I’m extremely worried about the debt,” he said. “Somewhere down the line, people are going to stop lending us money.”

About $7.4 million, more than one-third of Romney’s 2010 income, was from carried interest, which is the share of profits that make up most of the compensation for partners in private equity firms, hedge funds and real estate developments. Those fees are taxed as capital gains rather than ordinary income.

Sixty-six percent of poll respondents worldwide said the break isn’t justified, compared with 21 percent who said it is and 13 percent who said they had “no idea.” Among those living in the U.S., 67 percent said the lower rate isn’t justified, versus 27 percent who said it is. The Jan. 23-24 poll of 1,209 investors, analysts and traders from around the world has a margin of error of plus or minus 2.8 percentage points.

Romney Tax Break Rejected as Welfare for Rich in Investor Poll - Bloomberg

 

[Rocko]

Most international investors say a tax break allowing private equity and hedge-fund executives to pay lower tax rates than many average Americans isn’t warranted, according to a Bloomberg survey.

As the release of Republican presidential candidate Mitt Romney’s 2010 tax return heats up debate over a 15 percent top rate on so-called carried interest, two-thirds of those surveyed in the Bloomberg Global Poll say the tax break is unjustified. The lower levy helped Romney, former head of Bain Capital LLC, pay an effective rate of 13.9 percent on $21.6 million of income, when the top income tax rate is 35 percent.

Jonathan Sadowsky, chief investment officer at Vaca Creek Asset Management LLC in San Francisco, said he favors eliminating the break because he’s concerned about government deficit spending.

“I’m extremely worried about the debt,” he said. “Somewhere down the line, people are going to stop lending us money.”

About $7.4 million, more than one-third of Romney’s 2010 income, was from carried interest, which is the share of profits that make up most of the compensation for partners in private equity firms, hedge funds and real estate developments. Those fees are taxed as capital gains rather than ordinary income.

Sixty-six percent of poll respondents worldwide said the break isn’t justified, compared with 21 percent who said it is and 13 percent who said they had “no idea.” Among those living in the U.S., 67 percent said the lower rate isn’t justified, versus 27 percent who said it is. The Jan. 23-24 poll of 1,209 investors, analysts and traders from around the world has a margin of error of plus or minus 2.8 percentage points.

Romney Tax Break Rejected as Welfare for Rich in Investor Poll - Bloomberg

What you ignor is that if we tax what hedge fund managers make as income, they will domicile in another country? Then what do you suggest?

 

[Trajan]

The Jan. 23-24 poll of 1,209 investors, analysts and traders from around the world has a margin of error of plus or minus 2.8 percentage points.


seriously.....

 

[Chris]

Most international investors say a tax break allowing private equity and hedge-fund executives to pay lower tax rates than many average Americans isn’t warranted, according to a Bloomberg survey.

As the release of Republican presidential candidate Mitt Romney’s 2010 tax return heats up debate over a 15 percent top rate on so-called carried interest, two-thirds of those surveyed in the Bloomberg Global Poll say the tax break is unjustified. The lower levy helped Romney, former head of Bain Capital LLC, pay an effective rate of 13.9 percent on $21.6 million of income, when the top income tax rate is 35 percent.

Jonathan Sadowsky, chief investment officer at Vaca Creek Asset Management LLC in San Francisco, said he favors eliminating the break because he’s concerned about government deficit spending.

“I’m extremely worried about the debt,” he said. “Somewhere down the line, people are going to stop lending us money.”

About $7.4 million, more than one-third of Romney’s 2010 income, was from carried interest, which is the share of profits that make up most of the compensation for partners in private equity firms, hedge funds and real estate developments. Those fees are taxed as capital gains rather than ordinary income.

Sixty-six percent of poll respondents worldwide said the break isn’t justified, compared with 21 percent who said it is and 13 percent who said they had “no idea.” Among those living in the U.S., 67 percent said the lower rate isn’t justified, versus 27 percent who said it is. The Jan. 23-24 poll of 1,209 investors, analysts and traders from around the world has a margin of error of plus or minus 2.8 percentage points.

Romney Tax Break Rejected as Welfare for Rich in Investor Poll - Bloomberg

What you ignor is that if we tax what hedge fund managers make as income, they will domicile in another country? Then what do you suggest?

They can all burn in hell for all I care.

 

[Decepticon]

Most international investors say a tax break allowing private equity and hedge-fund executives to pay lower tax rates than many average Americans isn’t warranted, according to a Bloomberg survey.

As the release of Republican presidential candidate Mitt Romney’s 2010 tax return heats up debate over a 15 percent top rate on so-called carried interest, two-thirds of those surveyed in the Bloomberg Global Poll say the tax break is unjustified. The lower levy helped Romney, former head of Bain Capital LLC, pay an effective rate of 13.9 percent on $21.6 million of income, when the top income tax rate is 35 percent.

Jonathan Sadowsky, chief investment officer at Vaca Creek Asset Management LLC in San Francisco, said he favors eliminating the break because he’s concerned about government deficit spending.

“I’m extremely worried about the debt,” he said. “Somewhere down the line, people are going to stop lending us money.”

About $7.4 million, more than one-third of Romney’s 2010 income, was from carried interest, which is the share of profits that make up most of the compensation for partners in private equity firms, hedge funds and real estate developments. Those fees are taxed as capital gains rather than ordinary income.

Sixty-six percent of poll respondents worldwide said the break isn’t justified, compared with 21 percent who said it is and 13 percent who said they had “no idea.” Among those living in the U.S., 67 percent said the lower rate isn’t justified, versus 27 percent who said it is. The Jan. 23-24 poll of 1,209 investors, analysts and traders from around the world has a margin of error of plus or minus 2.8 percentage points.

Romney Tax Break Rejected as Welfare for Rich in Investor Poll - Bloomberg

What you ignor is that if we tax what hedge fund managers make as income, they will domicile in another country? Then what do you suggest?

How about if they do business in this country they have to follow our laws? How about that?

That would certainly help move manufacturing back to the states, wouldn't it?
No more washing printed circuit boards off in rivers in China.

 

[Rocko]

Most international investors say a tax break allowing private equity and hedge-fund executives to pay lower tax rates than many average Americans isn’t warranted, according to a Bloomberg survey.

As the release of Republican presidential candidate Mitt Romney’s 2010 tax return heats up debate over a 15 percent top rate on so-called carried interest, two-thirds of those surveyed in the Bloomberg Global Poll say the tax break is unjustified. The lower levy helped Romney, former head of Bain Capital LLC, pay an effective rate of 13.9 percent on $21.6 million of income, when the top income tax rate is 35 percent.

Jonathan Sadowsky, chief investment officer at Vaca Creek Asset Management LLC in San Francisco, said he favors eliminating the break because he’s concerned about government deficit spending.

“I’m extremely worried about the debt,” he said. “Somewhere down the line, people are going to stop lending us money.”

About $7.4 million, more than one-third of Romney’s 2010 income, was from carried interest, which is the share of profits that make up most of the compensation for partners in private equity firms, hedge funds and real estate developments. Those fees are taxed as capital gains rather than ordinary income.

Sixty-six percent of poll respondents worldwide said the break isn’t justified, compared with 21 percent who said it is and 13 percent who said they had “no idea.” Among those living in the U.S., 67 percent said the lower rate isn’t justified, versus 27 percent who said it is. The Jan. 23-24 poll of 1,209 investors, analysts and traders from around the world has a margin of error of plus or minus 2.8 percentage points.

Romney Tax Break Rejected as Welfare for Rich in Investor Poll - Bloomberg

What you ignor is that if we tax what hedge fund managers make as income, they will domicile in another country? Then what do you suggest?

How about if they do business in this country they have to follow our laws? How about that?

That would certainly help move manufacturing back to the states, wouldn't it?
No more washing printed circuit boards off in rivers in China.

The point is they would leave the country and the government would have less revenue.

 

[Chris]

 

[Chris]

What you ignor is that if we tax what hedge fund managers make as income, they will domicile in another country? Then what do you suggest?

How about if they do business in this country they have to follow our laws? How about that?

That would certainly help move manufacturing back to the states, wouldn't it?
No more washing printed circuit boards off in rivers in China.

The point is they would leave the country and the government would have less revenue.

Bullshit.

The capital gains rate was much higher under Reagan and they didn't "leave the country."

We are the largest economy in the world and it is about goddamned time these bastards started paying taxes.

 

[Rocko]

Most international investors say a tax break allowing private equity and hedge-fund executives to pay lower tax rates than many average Americans isn’t warranted, according to a Bloomberg survey.

As the release of Republican presidential candidate Mitt Romney’s 2010 tax return heats up debate over a 15 percent top rate on so-called carried interest, two-thirds of those surveyed in the Bloomberg Global Poll say the tax break is unjustified. The lower levy helped Romney, former head of Bain Capital LLC, pay an effective rate of 13.9 percent on $21.6 million of income, when the top income tax rate is 35 percent.

Jonathan Sadowsky, chief investment officer at Vaca Creek Asset Management LLC in San Francisco, said he favors eliminating the break because he’s concerned about government deficit spending.

“I’m extremely worried about the debt,” he said. “Somewhere down the line, people are going to stop lending us money.”

About $7.4 million, more than one-third of Romney’s 2010 income, was from carried interest, which is the share of profits that make up most of the compensation for partners in private equity firms, hedge funds and real estate developments. Those fees are taxed as capital gains rather than ordinary income.

Sixty-six percent of poll respondents worldwide said the break isn’t justified, compared with 21 percent who said it is and 13 percent who said they had “no idea.” Among those living in the U.S., 67 percent said the lower rate isn’t justified, versus 27 percent who said it is. The Jan. 23-24 poll of 1,209 investors, analysts and traders from around the world has a margin of error of plus or minus 2.8 percentage points.

Romney Tax Break Rejected as Welfare for Rich in Investor Poll - Bloomberg

What you ignor is that if we tax what hedge fund managers make as income, they will domicile in another country? Then what do you suggest?

They can all burn in hell for all I care.

Well its a good thing you don't matter.

 

[Rocko]

How about if they do business in this country they have to follow our laws? How about that?

That would certainly help move manufacturing back to the states, wouldn't it?
No more washing printed circuit boards off in rivers in China.

The point is they would leave the country and the government would have less revenue.

Bullshit.

whats to stop them?

 

[California Girl]

66% of a world wide poll. Since when do foreigners dictate US tax policy?

 

[Chris]

The point is they would leave the country and the government would have less revenue.

Bullshit.

whats to stop them?

It's a bullshit argument. Rank and file Republicans have been fucked in ass by these people for so long that all they can say is, "Thank you sir, may I have another!"

 

[Chris]

Warren Buffett isn’t the only rich guy who wants to higher taxes on the rich.

A new survey from Spectrem Group found that 68% of millionaires (those with investments of $1 million or more) support raising taxes on those with $1 million or more in income. Fully 61% of those with net worths of $5 million or more support the tax on million-plus earners.

Buffett, as you might recall, has proposed raising taxes on million-plus earners, saying the ultra-rich pay lower rates than everyday workers.

Rich people’s opinions of Buffett remain fairly positive in the wake of his tax-me-more crusade. More than a third of millionaires and ultra-high-net-worths said they have a more positive opinion of Buffett after his tax proposal. Only 19% of millionaires and 22% of the $5 million -plus group said they had a more negative opinion of him after the proposal.

Millionaires Support Warren Buffett’s Tax on the Rich - The Wealth Report - WSJ