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‘squad’ Socialists Silent On Major Tax Loophole Helping Richest Americans | The Daily Caller

by dailycaller.com posted 3weeks ago 5 views
Former President Donald Trump claimed the provision allowed hedge fund managers to 'get away with murder': The most prominent left-wing members of the Democratic Party have recently been silent on a key tax provision that benefits some of the wealthiest Americans and is not addressed by the Build Back Better package. The carried-interest rate, long a target of the left, allows individuals working in the financial industry to pay a lower tax rate. It is a type of performance bonus, in which investment managers are paid based on the profits their clients’ investments earn in a given year.

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