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Posted on 2/7/25 at 2:31 pm to SDVTiger
What? You don't know JD Vance's background? You think his mentor and his friends would like this, Cap?
Posted on 2/7/25 at 2:49 pm to NC_Tigah
At this point the MSM can't have much, if anything, to report on.
Posted on 2/7/25 at 3:02 pm to POTUS2024
quote:
If he was serious about this he could make it happen - find a provision that affects the middle class and declare that the IRS would interpret it to mean half of what it means, cutting their tax burden by 50%, then issue a blanket pardon to all of those tax payers, and tell Congress that will stop when they end this loophole.
It's as simple as assessing charges as income/fees, regardless of structure.
Posted on 2/7/25 at 3:06 pm to GeneralLee
quote:
so much PE investment this day and age is BS to begin with.
Posted on 2/7/25 at 3:06 pm to NC_Tigah
Here is a hypothetical.
Person A invests $100k in a project
Person B invests $900k in a project
5 years later they sell the project for $2 million. Resulting in $1 million in capital gain total.
Person A gets allocated $200k of the gain
Person B gets allocated $800k of the gain
long term capital gains rate is 15%
for purpose of this conversation lets assume income tax is 30%
What should person A be taxed?
Person A invests $100k in a project
Person B invests $900k in a project
5 years later they sell the project for $2 million. Resulting in $1 million in capital gain total.
Person A gets allocated $200k of the gain
Person B gets allocated $800k of the gain
long term capital gains rate is 15%
for purpose of this conversation lets assume income tax is 30%
What should person A be taxed?
Posted on 2/7/25 at 3:10 pm to KiwiHead
quote:I couldn't care less.
You don't know JD Vance's background? You think his mentor and his friends would like this
The carried interest tax loophole is ridiculous. So is the $500K cap gains write off every two years for home sales btw, and I say that as a major beneficiary.
Posted on 2/7/25 at 4:27 pm to ryanthe4aces
quote:
Here is a hypothetical.
Person A invests $100k in a project
Person B invests $900k in a project
What does that have to do with the carried interest issue?
Posted on 2/7/25 at 5:16 pm to ryanthe4aces
When you've learned something, yet downvote the source of your education, you really need to do an introspective.
This post was edited on 2/7/25 at 5:17 pm
Posted on 2/7/25 at 6:08 pm to NC_Tigah
quote:
What does that have to do with the carried interest issue?
Exactly, carried interest is simply a % bonus based on return. The fund manager isn’t an LP that provides the initial investment.
Posted on 2/7/25 at 6:53 pm to Free888
quote:Indeed
Exactly, carried interest is simply a % bonus based on return. The fund manager isn’t an LP that provides the initial investment.
Posted on 2/7/25 at 9:02 pm to NC_Tigah
Trump the king of trolling the Dems. He wants this, sure. But no sweat off his back if it is or not in the bill. Dems will fight against it hard enough to get it out at other concessions he wanted, and didn't really care to fight to much over.
It's a thing of beauty.
It's a thing of beauty.
Posted on 2/7/25 at 9:50 pm to NC_Tigah
I don’t get what you mean I did not downvote. I like the topic. I don’t post much so let me know if I am doing something wrong.
Posted on 2/7/25 at 9:55 pm to NC_Tigah
The example I provided is the carried interest loophole essentially.
Person A is getting a larger share of the gain than their pure investment would warrant. In this case person A is the GP.
Another example:
Person C invests $0 in a company
Person D invests $1000k in a company.
The company doubles in value over 5 years.
Person C is allocated $100k of the gain
Person D is allocated $900k of the gain
Capital gain tax is 15%
Ordinary income tax is 30%
How much should Person C pay in tax?
How much should person A pay in tax from my previous example.
I don’t have an opinion on this topic. Just illustrating how it works.
Person A is getting a larger share of the gain than their pure investment would warrant. In this case person A is the GP.
Another example:
Person C invests $0 in a company
Person D invests $1000k in a company.
The company doubles in value over 5 years.
Person C is allocated $100k of the gain
Person D is allocated $900k of the gain
Capital gain tax is 15%
Ordinary income tax is 30%
How much should Person C pay in tax?
How much should person A pay in tax from my previous example.
I don’t have an opinion on this topic. Just illustrating how it works.
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