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Patriotic Millionaires call to end the Carried Interest Loophole
Today I speak with Morris Pearl, the Chairman of the Board of the Patriotic Millionaires.
We discuss the carried interest loophole, that allows billionaire hedge fund managers (and some others) to pay taxes on interest at capital gains rates. This amounts to at least $10-billion/year.
Patriotic Millionaires as well as many 2016 presidential candidates have called to end this unfair and lopsided form of taxing.