We can help Billionaires earn billions but we can't educate our youth?

[Skwmom]

Hedge Fund schemers are the modern version of robber barons.

Congress closed the loophole in 2008 and ordered hedge fund managers who used it to pay the accumulated taxes by 2017. A New York-based money manager such as Soros would be subject to a federal rate of 39.6 percent, combined state and city levies totaling 12 percent, and an additional 3.8 percent tax on investment income to pay for Obamacare, according to Andrew Needham, a tax partner at Cravath, Swaine & Moore. Applying those rates to Soros’s deferred income would create a tax bill of $6.7 billion.”

Note that the deadline for payment is 2017, just after the next election. Image the next puppet taking office using an executive order to further delay or water down the actual collection of the Soros tax obligation.

It should be self-evident that the weight of Wall Street influence will be enormous in the 2016 Presidential coronation.

Dismiss the obvious hypocrisy of advocating for higher taxes while avoiding your own tax payment and focus on the actual results.

“A manager with Soros’s track record who started with $12 million from investors, took 20 percent of the profits, and reinvested that money tax-free over 40 years, would end up with $15.9 billion. If that same manager paid federal, state, and local taxes on the fees and related investment gains before reinvesting them, the figure would shrink to $2.4 billion…”

http://www.silverdoctors.com/gold/gold-news/george-soros-6-7-billion-tax-bill/