I have never understood that economic rationale for the dramatically discounted tax rate applied to carried interest.
Tim Kaine: “I have never understood that economic rationale for the dramatically discounted tax rate applied to carried interest.”
Editor's note · Context
Kaine questions the justification for lower tax rates on carried interest compared to ordinary income.
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His threat to waste even more of our dwindling weapons on Oman — a country the United States has a strong diplomatic relationship and a free trade agreement with — makes real adversaries like China and Russia rub their hands with glee.
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