boutons_deux
07-22-2017, 12:31 PM
The rule changed a decade ago with a long lead time for managers to pay taxes on money accumulated before.
The Wall Street Journal reported that Steven Cohen faces taxes on $1 billion in deferred pay, while other managers could see tax bills of more than $100 million.
The Joint Committee on Taxation estimated in 2008 that total payments from hedge fund managers could be at least $25 billion.
http://www.cnbc.com/2017/07/20/tax-loophole-closes-hedge-fund-managers.html
I have no doubt Trash's IRS will hold this loophole open
The Wall Street Journal reported that Steven Cohen faces taxes on $1 billion in deferred pay, while other managers could see tax bills of more than $100 million.
The Joint Committee on Taxation estimated in 2008 that total payments from hedge fund managers could be at least $25 billion.
http://www.cnbc.com/2017/07/20/tax-loophole-closes-hedge-fund-managers.html
I have no doubt Trash's IRS will hold this loophole open