Prof. Lawrence White on the Obama campaign's claims of tax "tricks" by Romney
July 17, 2012
Excerpt from PolitiFact -- "‘Carried interest is currently a legitimate way of reducing one's tax obligation,’ [White] said. ‘It may be unfair and distortionary; but it's not any more a ‘trick’ than taking advantage of the mortgage interest deduction. Congress ought to change the law so that carried interest is taxed at regular income rates. But until then. …’"