ST Alpha - "It's not carried interests, the speculation was that he had a net operating loss in 2008 that carried to 2009." (Reading a Post)

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In response to "For all the vitriol that politics has created and the various instruments of "journalism" that they have at their disposal it would not shock me that" by Mel Profit

It's not carried interests, the speculation was that he had a net operating loss in 2008 that carried to 2009.

Posted by spamlet Jul 18 '12, 08:28

Carried interest is that he can claim his pay as capital gains and not regular salary.

And donations are limited to 50% of taxable income, not net operating losses.

It's confusing and why we need to blow up the system but it's not going to happen because of entrenched interests.

Responses:

Thanks for the clarification. Very helpful. -- nm - Mel Profit Jul 18, 08:29
[deleted] 7
- My perfect tax system is a complete rewrite of the current system for individuals and businesses. - spamlet Jul 18, 08:37 2
  - [deleted] 1
    - i both disagree and agree with both of you, simultaneously. -- nm - tRuMaN Jul 18, 08:43
- question, is the way carried interest treated part of the Bush-era tax cuts, or is it separately hardwired into the tax code? -- nm - znufrii Jul 18, 08:34 3
  - no, it was an old interpretation that really didnt get used heavily until the 1990s and 2000s -- nm - tRuMaN Jul 18, 08:42
  - [deleted] 1
    - k, thx. -- nm - znufrii Jul 18, 08:37

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It's not carried interests, the speculation was that he had a net operating loss in 2008 that carried to 2009.

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