{"id":16634,"date":"2010-07-09T05:36:12","date_gmt":"2010-07-09T09:36:12","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=16634"},"modified":"2010-07-09T05:36:12","modified_gmt":"2010-07-09T09:36:12","slug":"hedge-fund-honchos-thoughts-on-hedge-fund-tax","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2010\/hedge-fund-honchos-thoughts-on-hedge-fund-tax.html","title":{"rendered":"Hedge Fund Honcho&#8217;s Thoughts on Hedge Fund Tax"},"content":{"rendered":"<p>Forbes &#8211; Billionaire and founder of hedge fund, Omega Advisors, Leon Cooperman, recently gave me his thoughts on New York&#8217;s possible hedge fund tax and its likely impact on the state. \u201cPoliticians need to understand there are consequences of their actions,&#8221; he warned.<\/p>\n<p>The proposed tax would hit hedge fund managers who live in nearby states (like Connecticut) but work in New York. It would tax a manager\u2019s \u201ccarried interest\u201d (typically 20% of the profits they generate), as ordinary income, which can be a rate as high as 35%. Until now, it had been treated as capital gains and was taxed at 15%.<\/p>\n<p><a href=\"http:\/\/blogs.forbes.com\/billions\/2010\/07\/08\/hedge-fund-honchos-thoughts-on-hedge-fund-tax\/\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forbes &#8211; Billionaire and founder of hedge fund, Omega Advisors, Leon Cooperman, recently gave me his thoughts on New York&#8217;s possible hedge fund tax and its likely impact on the state. \u201cPoliticians need to understand there are consequences of their [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-16634","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/16634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=16634"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/16634\/revisions"}],"predecessor-version":[{"id":16636,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/16634\/revisions\/16636"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=16634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=16634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=16634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}