[quote=flu]I wonder why Obama/Democrats didn’t go after the carried interest loophole that hedge funds and private equity managers enjoy…
I wonder why Obama/Democrats didn’t listen to Warren Buffett and try to propose the “Buffett Rule”, which would have been an explicit tax on the “rich”
Instead, they want to tax the 529 plan? Really?….[/quote]
Could not agree more. The fairest and most effective way to reform our tax structure would be to make everyone pay the exact same steeply progressive rates on ALL types of income.
There is no good reason for gamblers and speculators (including hedge fund managers) to have a lower tax rate than people who work for a living. This type of reform would win broad support, IMO, and be much more in line with the claim that they want “the rich” to pay their fair share.
