This is a good article discussing a lot of tax issues that guys don't seem to understand:
http://uncrunched.com/2012/09/19/mikes-tax-notes/
If you take nothing else away from the article, read about the carried interest exemption.
The carried interest exemption shows who is running the country.
Why should a hedge fund manager pay a lower tax rate than a doctor?
Anyhow, it's a pretty decent article and is a good "behind the curtain" article for all the Republicans who earn $60,000 yet want taxes for the oppressed rich to be lowered.
http://uncrunched.com/2012/09/19/mikes-tax-notes/
If you take nothing else away from the article, read about the carried interest exemption.
The carried interest exemption shows who is running the country.
Why should a hedge fund manager pay a lower tax rate than a doctor?
Anyhow, it's a pretty decent article and is a good "behind the curtain" article for all the Republicans who earn $60,000 yet want taxes for the oppressed rich to be lowered.