Faculty News

Prof. Lawrence White on the Obama campaign's claims of tax "tricks" by Romney

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. …’"

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