It's Time to End the Loophole That Lets Hedge Fund Managers Avoid Paying Their Share of Taxes

July 10, 2015

Hedge fund managers earn a whole lot of money doing what they do. And yet, because of a bizarre Internal Revenue Service (IRS) loophole, they often pay a lower effective tax rate than most middle-class families. The top 25 hedge fund managers alone earned more than twice what all of the kindergarten teachers in the United States earned combined. But this isn't the way things have to be, the U.S. Department of Treasury and the IRS have proposed a fix to the hedge fund reinsurance loophole.

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