Private Equity: A Political Target, Not a 'Loophole' | RealClearPolitics

Contributing sentiments towards policy:

47% : The Trump administration raised taxes specially on PE professionals, and the Biden reconciliation bill would raise them even more: to a maximum 61% federal, state and local rate for a New Yorker with a long-term capital gain, vs. approximately 20% for other high-income Americans with an identical gain now.
45% : And totally separate from profits interests, are all taxes to be set, person by person or sector by sector, based on the taxpayer's popularity?
45% : When "taxation by demonization" begins, where does it end?
34% : But like a lot of accepted wisdom in complex areas such as taxation, the notion of a special PE loophole is entirely wrong.

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