Comments on Steve Levitt's articles RSS Syndication from SeekingAlpha.com http://seekingalpha.com/author/steve-levitt/articles http://seekingalpha.com/article/95904-long-term-capital-gains-tax-expectations?source=feed#comment-457117 457117 Wed, 08 Apr 2009 23:55:06 -0400

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These 5 guys made BILLIONS in the hedge-fund industry in 2007 and paid a low, low tax rate due to the carried interest tax loophole of only 15%... lower than middle class Americans!

John McCain wants to continue this tax break to the billionaires that have got us into this financial crisis that taxpayers are going to pay HUNDREDS OF BILLIONS to try to fix.

Obama would make these BILLIONAIRES pay their fair share.
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1 $3.7 billion, John Paulson, Paulson & Co.
2 $2.9 billion, George Soros, Soros Fund Management
3 $2.8 billion, James Simons, Renaissance Technologies
Corp.
4 $1.7 billion, Philip Falcone, Harbinger Capital
Partners
5 $1.5 billion, Kenneth Griffin, Citadel Investment]]> http://seekingalpha.com/article/95904-long-term-capital-gains-tax-expectations?source=feed#comment-257139 257139 Wed, 17 Sep 2008 13:01:47 -0400 http://seekingalpha.com/article/95904-long-term-capital-gains-tax-expectations?source=feed#comment-256849 256849 Wed, 17 Sep 2008 09:26:25 -0400
It is a common story that Warren Buffet has never sold a share of Berkshire stock. If true, he has never paid a dime of capital gains tax and never will. He can just borrow against his stock to raise cash.

Not surprisingly when capital gains taxes are raised tax revenues actually fall. The truly rich don't care what about the capital gains tax rate because they don't pay it.]]> http://seekingalpha.com/article/95904-long-term-capital-gains-tax-expectations?source=feed#comment-256806 256806 Wed, 17 Sep 2008 08:54:21 -0400