President Trump weighs in on Hedge Funds

[theHawk]

He tried to warn us!

“It is the wrong thing. These guys are getting away with murder. I want to lower the rates for the middle class.”

Trump says tax code is letting hedge funds 'get away with murder'

Republican presidential front-runner Donald Trump blasted hedge fund managers on Sunday as mere "paper pushers" who he said were "getting away with murder" by not paying their fair share of taxes.

www.reuters.com

Of course no one in Congress would ever approve of such changes in the tax code:


But Cohn told Axios that the hedge fund and private equity lobby was too strong to overcome. “The reality of this town is that constituency [hedge funds and private equity] has a very large presence in the House and the Senate. They have really strong relationships on both sides of the aisle,” he said. “We just didn’t have the support on carried interest.”

Gary Cohn: We 'tried 25 times' to cut hedge fund loophole in tax reform bill, but failed

White House chief economic advisor Gary Cohn says the administration attempted to eliminate the carried interest tax loophole.

www.cnbc.com

Of course Bloomberg, shills for the Hedge Fund Brigade, claims President Trump’s proposed taxes for them would hurt the regular guy:

Trump’s Capital Gains Taxation Idea Could Have a Surprising Victim

Depending on how it’s implemented, indexing cap gains for inflation could harm hedge funds at the expense of ordinary investors.

www.bloomberg.com

 

[Turtlesoup]

He tried to warn us!

“It is the wrong thing. These guys are getting away with murder. I want to lower the rates for the middle class.”

Trump says tax code is letting hedge funds 'get away with murder'

Republican presidential front-runner Donald Trump blasted hedge fund managers on Sunday as mere "paper pushers" who he said were "getting away with murder" by not paying their fair share of taxes.

www.reuters.com

Of course no one in Congress would ever approve of such changes in the tax code:


But Cohn told Axios that the hedge fund and private equity lobby was too strong to overcome. “The reality of this town is that constituency [hedge funds and private equity] has a very large presence in the House and the Senate. They have really strong relationships on both sides of the aisle,” he said. “We just didn’t have the support on carried interest.”

Gary Cohn: We 'tried 25 times' to cut hedge fund loophole in tax reform bill, but failed

White House chief economic advisor Gary Cohn says the administration attempted to eliminate the carried interest tax loophole.

www.cnbc.com

Of course Bloomberg, shills for the Hedge Fund Brigade, claims President Trump’s proposed taxes for them would hurt the regular guy:

Trump’s Capital Gains Taxation Idea Could Have a Surprising Victim

Depending on how it’s implemented, indexing cap gains for inflation could harm hedge funds at the expense of ordinary investors.

www.bloomberg.com

He's 100 % correct.......

We were stupid for letting the dems take the election.

 

[Moonglow]

He tried to warn us!

“It is the wrong thing. These guys are getting away with murder. I want to lower the rates for the middle class.”

Trump says tax code is letting hedge funds 'get away with murder'

Republican presidential front-runner Donald Trump blasted hedge fund managers on Sunday as mere "paper pushers" who he said were "getting away with murder" by not paying their fair share of taxes.

www.reuters.com

Of course no one in Congress would ever approve of such changes in the tax code:


But Cohn told Axios that the hedge fund and private equity lobby was too strong to overcome. “The reality of this town is that constituency [hedge funds and private equity] has a very large presence in the House and the Senate. They have really strong relationships on both sides of the aisle,” he said. “We just didn’t have the support on carried interest.”

Gary Cohn: We 'tried 25 times' to cut hedge fund loophole in tax reform bill, but failed

White House chief economic advisor Gary Cohn says the administration attempted to eliminate the carried interest tax loophole.

www.cnbc.com

Of course Bloomberg, shills for the Hedge Fund Brigade, claims President Trump’s proposed taxes for them would hurt the regular guy:

Trump’s Capital Gains Taxation Idea Could Have a Surprising Victim

Depending on how it’s implemented, indexing cap gains for inflation could harm hedge funds at the expense of ordinary investors.

www.bloomberg.com

He's 100 % correct.......

We were stupid for letting the dems take the election.

The GOP was the team that didn't want it when they had control of the govt. early in Trump's administration.

 

[candycorn]

The guy who paid $750 a year in taxes is saying others are "getting away with murder"? LOL

 

[tyroneweaver]

The guy who paid $750 a year in taxes is saying others are "getting away with murder"? LOL

how much did he pay in payroll and ss??

 

[Moonglow]

The guy who paid $750 a year in taxes is saying others are "getting away with murder"? LOL

You mean the billionaire who only paid 750 bucks in taxes

 

[Penelope]

Is that for real estate partnerships too?

Also called a “promote,” carried interest has been a fundamental part of real estate investment partnerships for decades. Managing partners receive a carried interest, or a share of profits once an asset is sold, in recognition of both the value they bring to the venture and the risks they take. In addition to their management expertise, managing partners often make initial capital contributions to the venture and assume responsibility for recourse debt, litigation risks and cost overruns, among other risks.


Current tax law treats carried interest as a long-term capital gain if the underlying asset is held for at least three years. The multifamily industry believes a one-year holding period is the appropriate tax treatment of carried interest. NMHC and NAA strongly opposed extending the one-year hold period to three years as part of tax reform legislation enacted in 2017 but notes that proposed regulations released in July 2020 exclude Section 1231 gains from the extended holding period.
NMHC | Carried Interest Fact Sheet

 

[Penelope]

The guy who paid $750 a year in taxes is saying others are "getting away with murder"? LOL

how much did he pay in payroll and ss??

Doesn't matter.

 

[wamose]

Trump was the peoples President. It didn't take the Biden rats long to start robbing the people.

 

[Moonglow]

Trump was the peoples President. It didn't take the Biden rats long to start robbing the people.

he lost get over it.

 

[colfax_m]

I dare the Trump supporters to find any instance of Trump mentioning this after the election.

 

[LAUGHatLEFTISTS]

Why wont Quid Pro sign an EO to fix this?

 

[pknopp]

You can't get anything done on Twitter and calling people names.

 

[Rocko]

Start taxing hedge fund profits as income (which liberals have been saying for years and conservatives have been against) all of those businesses will leave NYC

 

[Rocko]

Also taxes have nothing to do with them hurting the little guy. It’s about purchase power and conclusion

 

[pknopp]

Start taxing hedge fund profits as income (which liberals have been saying for years and conservatives have been against) all of those businesses will leave NYC

Income should be taxed as income.

 

[Rocko]

Start taxing hedge fund profits as income (which liberals have been saying for years and conservatives have been against) all of those businesses will leave NYC

Income should be taxed as income.

Yeah and a lot of these hedge funds will move overseas. Great idea, skippy!

 

[Tom Paine 1949]

This was a 2015 article. After 2016 when Trump and Republicans had complete control of Congress, this issue was abandoned by them during discussion of their big tax relief bill — which gave permanent tax reductions to the corporations and super wealthy. Senators Bernie Sanders and Elizabeth Warren both attacked Trump & Republicans for this. Even many mainstream Democrats did. It was common knowledge to all but most Trump supporters. They then were in heaven cheering Trump on as he demagogically baited the Democrats and prepared to “build the Wall” — they still could care less about any serious permanent or structural reforms of Wall Street or of the tax system.

 

[pknopp]

Start taxing hedge fund profits as income (which liberals have been saying for years and conservatives have been against) all of those businesses will leave NYC

Income should be taxed as income.

Yeah and a lot of these hedge funds will move overseas. Great idea, skippy!

If they want to live in a third world country, so be it. That's what we will soon be on the path we are on.

 

[Rocko]

Start taxing hedge fund profits as income (which liberals have been saying for years and conservatives have been against) all of those businesses will leave NYC

Income should be taxed as income.

Yeah and a lot of these hedge funds will move overseas. Great idea, skippy!

If they want to live in a third world country, so be it. That's what we will soon be on the path we are on.

The point is is those business can be run from anywhere. A friendly tax environment towards those businesses is needed. Otherwise you’re going to end up getting less tax revenue