Category Archives: taxes

Blackstone: Paying Normal Tax Rates

Heidi Moore, liveblogging the Blackstone conference call, picks up on something interesting: Puglisi tackles taxes. Regulators, are you paying attention? Here is what he says: “While our tax rates for the full year were approximately 15% for the fourth quarters … Continue reading

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Exxon Mobil Datapoint of the Day

Mark Perry: Exxon Mobil pays as much in taxes ($27 billion) annually as the entire bottom 50% of individual taxpayers, which is 65,000,000 people. Or, to put it another way, you could abolish all taxes for the bottom 50% of … Continue reading

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Tax the Privately Educated

Chris Dillow wants to tax the privately educated more heavily. I think this is a great idea. And in fact it’s not all that far from one idea which really has been taken seriously in the UK: a higher rate … Continue reading

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Corporate Tax Revenue Datapoint of the Day

John Cassidy: From 2004 to 2006, corporate tax receipts grew at an annual rate of more than 25 percent. Last year, they totaled $354 billion, compared with just $132 billion in 2003. By my calculations, an increase from $132 billion … Continue reading

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Why The Low Capital Gains Tax?

Former Fed vice chairman Alan Blinder doesn’t
get it
, and neither, frankly, do I.
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Democrats Capitulate on Hedge-Fund Tax

This morning’s WSJ fronts
some Democrats’ second thoughts about taxing hedge-fund managers’ income as,
well, income.
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Bill Gross Joins the Billionaires-for-Tax-Hikes Club

Add billionaire Bill Gross, of Pimco, to the list of rich
men who want to raise taxes on the rich.
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Why Raising Taxes on Private Equity Won’t Increase Tax Revenues

The net revenue to the US from implementing this policy would be tiny: what you gain in taxes on general partners, you lose in taxes on limited partners.
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Tax Loopholes, Cont.

David Cay Johnston has revealed that $3.7 billion of the proceeds
from Blackstone’s IPO will be taxed not at the income-tax rate, not at the capital-gains-tax
rate, but rather at
a negative rate
.
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Private Equity: Why Higher Taxes Mean Higher Returns

The Epicurean Dealmaker has a
great argument
today for abolishing the favorable tax treatement given to
private-equity principals.
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