{"id":23408,"date":"2011-07-08T07:47:04","date_gmt":"2011-07-08T11:47:04","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=23408"},"modified":"2011-07-08T07:47:04","modified_gmt":"2011-07-08T11:47:04","slug":"the-new-class-war-closing-a-single-hedge-fund-loophole-would-earn-billions","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2011\/the-new-class-war-closing-a-single-hedge-fund-loophole-would-earn-billions.html","title":{"rendered":"The New Class War: Closing a single hedge fund loophole would earn billions"},"content":{"rendered":"<p>Daily Kos &#8211; One of the tax breaks upon which President Obama has focused is a provision that allows hedge fund managers \u2014 who make billions annually \u2014 to receive a substantial tax break. This particular tax break, known as the carried-interest loophole, allows hedge fund managers to treat the money they receive from investors as capital gains, subject to a 15 percent tax rate. Though this money is a paycheck received for services, just like a movie star receiving a bonus if her movie does well, it\u2019s treated as investment income.<\/p>\n<p>Since hedge fund managers are some of the richest people in the country, this tax break actually causes a significant loss of revenue. In fact, according to calculation by RJ Eskow, closing this loophole would raise more than $4 billion per year just from the 25 richest hedge fund managers:<\/p>\n<p><strong><a href=\"http:\/\/www.dailykos.com\/story\/2011\/07\/07\/991873\/-The-New-Class-War:-Closing-a-single-hedge-fund-loophole-would-earn-billions\" target=\"_blank\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Daily Kos &#8211; One of the tax breaks upon which President Obama has focused is a provision that allows hedge fund managers \u2014 who make billions annually \u2014 to receive a substantial tax break. This particular tax break, known as [&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-23408","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/23408","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=23408"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/23408\/revisions"}],"predecessor-version":[{"id":23409,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/23408\/revisions\/23409"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=23408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=23408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=23408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}