eternitus

Clinton and Obama: Hedge Fund Killers

Just pandering for votes... On the personal taxes, these guys should pay the same rates as everyone else.

Taxing the public operating companies is another thing altogether. It seems ridiculous to me that we would tax these partnerships at a higher rate when the "little guys" finally get a chance to own these things, but not at the private level where only wealthy guys have access.

In addition, it seems like a monumental waste of time for congress to levy a tax a grand total of 3 companies (I think OZM is one), especially when it will be challenged in court by the companies on the basis of discrimination. Different corporate structures are taxed different ways (C-Corps, S-Corps, LPs, LLCs)... every company, public and private, has a right to chose whichever structure it wishes. What justification is there to single out a few successful companies and say that they aren't allowed to use a limited partnership structure, while some other public companies are?