Loop Hole

Taxation of carried interest: The loophole for hedge fund managers could end tomorrow.

Taxation of carried interest: The loophole for hedge fund managers could end tomorrow.:

the income of a hedge fund manager is taxed at only 20 percent, which is the highest long-range capital gains rate—even though the hedge fund manager is deriving income that’s as directly earned as the wages of a steelworker.

This loophole will never close. No tax bill that closes it will ever leave the house.