Hedge Fund Managers Aren't Really Earning Income

Richard valentine looked at the tax code and spotted another option. If you gave yourself a burnes as a many manager, you would pay the income tax rate of 91%. But if you called it a performancerea ation, say you ad just soe sharing in the performance of the capital investet, then that would be capital gains text, which was only 25 %. Valentine's implied argument here was that a hedgevon manager isn't really earning income they're not some salaried worker at the fund. In fact, it wasn't that different from our mediaeval pepper merchant of alexandria. They're all on the same smelly, risky investment ship together in