Wednesday, January 18, 2012

I want that deal

Let's say I have earned a good living over the years and I want to invest some money into a new retail store. The money I make at my new store doesn't get taxed at 15%.  That kind of sweetheart deal is only for venture capital and private equity fund managers.  But why not me?  I'm taking a risk and I already paid taxes on that money I invested.

Fund managers don't even have to use their own money to get that 15% tax rate deal.  All they have to do is call themselves, 'general partners' of a venture capital or private equity fund and they're in.

Come on man!  Why should fund managers get that deal just because they knew which politicians to buy off?