Private equity, venture capital, and real estate partners are such greedy pigs that they won’t invest in your town if they have to pay a 37 percent marginal tax on their earnings instead of a 20 percent long-term capital gains tax (23.8 percent if you include an additional net investment tax applied to families that earn more than $250,000).That’s a terrible thing to say about anyone. But it’s what the financiers say about themselves, speaking through the U.S. Chamber of Commerce. A Chamber study last year concluded that taxing partners’ “carried interest”—that is, labor income—as, well, labor income......would result in a reduced incentive for partners to stay in the industry, as well as re
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