Trump Calls for End of Carried Interest Tax Break — The Information

Given that active funds often distribute substantial short-term capital gains to their shareholders—which are taxed at higher ordinary income rates, not the lower long-term capital gains rate—investors in active funds face substantial tax burdens that index investors do not face.

Trump heavily outspent Clinton on Facebook ads. In the weeks before the election, the Trump campaign was regularly one of the top advertisers on Facebook globally. His campaign could afford to do this because the data targeting enabled it to raise millions each month in campaign contributions through Facebook. In fact, Facebook was the Trump campai

Franklin Delano Roosevelt, no friend of those in the upper brackets, observed in 1935 that “tax avoidance means that you hire a $25,000-fee lawyer, and he changes the word ‘evasion’ into the word ‘avoidance.’”

Rather than simply raising taxes across the board or on the highest existing tax bracket, a better strategy would be to introduce several new higher tax brackets designed to capture more revenue from those taxpayers with very high incomes—perhaps a million or more dollars per year.

Billionaire H. Ross Perot coopted many of Buchanan’s protectionist views and, in the opinion of many Republicans, delivered the presidency to Bill Clinton.