MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
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Romney Super PAC's Big Donors Could Reap Many Dividends
By Aunt Sam on Thu, 03/01/2012 - 6:19pm |Private equity or hedge fund moguls make up more than half of the top donors to Restore Our Future -- the PAC created by former Romney aides to supplement his official campaign with unlimited contributions. Six of them have given $1 million or more each......
Per capita, it may be the biggest giveaway for the fewest people in the entire tax code. And Romney is a poster child for it. Carried interest is the main reason that he so famously was able to end up paying 13.9 percent in taxes on his $21.7 million income in 2010. Much of that income came from performance bonuses still trickling in from private-equity investments he managed during his career at Bain Capital.
By contrast, each of Obama's proposed budgets has called for eliminating the sweetheart deal for carried interest.
Excellent Article, whole piece with link - well worth reading entire report.
URL:
http://www.huffingtonpost.com/2012/03/01/mitt-romney-super-pac-big-donors_n_1306868.html
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