"What Happened to the Post Card?"

The same thing that happened to providing Americans the same health insurance available to Federal Government employees.

I had no idea that the carried interest loophole was going to be saved. It was one of the main talking points of the Trump campaign that he claimed to be a populist on.

We write a lot of private equity and hedge fund business. The entire business is quite interesting with carried interest being one of those facets. At its core it falls into a category of compensation that looks a lot like incentive stock options (ISO's) which are a staple of the corporate world. Now I don't know all the intricacies of how those carried interest is taxed. But with ISO's, there is preferential treatment if you exercise and hold those securities. However, the dreaded AMT took those advantages away.

In the private equity world, that carried interest is basically a reward to managers for earnings a return above the hurdle rate (say 7%), and aligns the manager with the investors.

But I tend to agree that carried interest should be taxed like regular wage income because it really is just a bonus under another name.

While it is clear this will benefit the Corporate world and the wealthy the most, I'm reserving judgement until see the results in real-time. I'm not thrilled with the bill, but I don't think the end of the world is coming either. I do believe all will see a benefit of some kind.

Dennis, I really appreciate your rational and clear discussion of this matter and learn quite a bit from your analysis. It's just a shame that the only discussion of how this benefits middle income people focus on modest and temporary cuts which are likely to be offset in other areas or a continuing attempt to convince people that this time (damnit) supply side/trickle down will work for the first time in history

Also, not having to pay HR Block et all saves anther $50 or whatever.

Seeing as how the fee was deductible previously, I didn't mind paying a bit more to save more.

Also, let's not forget that all of the corporate love is permanent, while the "benefit" for little old us expires in a few years.

Seeing as how the fee was deductible previously, I didn't mind paying a bit more to save more.

Also, let's not forget that all of the corporate love is permanent, while the "benefit" for little old us expires in a few years.

Try but do you think whoever holds power in 2027 wants to raise taxes on us?

Try but do you think whoever holds power in 2027 wants to raise taxes on us?

If the tax cuts expire, isn't it the republicans that are raising taxes? They are the ones that wrote the bill.

Try but do you think whoever holds power in 2027 wants to raise taxes on us?

The corporat tax rate reduction is not some huge benefit for only the rich. It will make America much more competitive globally.

There are a lot of people that don’t understand the global economy. Thanks for confirming it.

In typical left wing fashion, you attack me rather than addressing the (correct) point I made. But it’s easier to just yell about how it only benefits the rich.

In typical left wing fashion, you attack me rather than addressing the (correct) point I made. But it’s easier to just yell about how it only benefits the rich.

In typical right wing fashion, you couldn't even spell corporate (correctly).

Your point was an overly-simplistic one...barely even a point really. Good one though. My comment wasn’t really about the rich... It was about competitiveness. I’ll refrain from labels used as insults out of respect for those on the other side that provide intelligent posts.

I’m not right wing, but pointing out a typo rather than providing some sort of argument is certainly typical of modern leftists, and it is why people are moving away from them.

It was a joke, you over sensitive douchebag, which is certainly typical of modern wingnuts, and it is why literal nazis are embracing them.

See how stupid you sound when you make idiotic generalizations? You probably don't because that's typical of modern trumpets, they're all morons. It's okay, because in typical right-wing fashion all you can do is label someone left-wing as an insult, which is certainly typical of cuckservatives, because they can't spell, love nazis, have no sense of humor, are morons, and love to label people. All of them. Every single one. There's no exceptions. Literally. Especially you.