Maximum Real Wage
I’ve been throwing around ideas with DA about the debate surrounding the “carried interest loophole” whereby the income from the activity of private equity/VC management is structured in such a way to get capital gains treatment in the tax code.
This topic is of great interest to DA as he is seeing, potentially, the door close on this treatment right in front of him before he can “get his” with his newly launched inaugural fund.
Our conversations generally fluctuated around: “PE guys (and their lawyers) can structure around anything” to me bemoaning the state of complexity in the society when the government can’t even change taxation on an established industry without it devolving into a hundred shell companies, and atomizing into lawyerly language parsing and debates on “it depending on what the definition of ‘is’ is”
Today I came across a video…