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GameStop Flash Mob

No Robin Hood action

I can hear the rallying cry on Reddit. “Let’s sock it to those rich hedge fund managers.” Sure, they charge their customers fees of up to 20% on their investment gains and then use the carried interest provision to avoid paying taxes.

I would rather just pay a tax rate of 20%, but I am not rich enough and pay mostly ordinary income tax. I empathize.



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Ms Fischer

I am a high school teacher, which I consider my calling. I traveled the world. I write about financial issues, teaching, and travel. I also write poetry.