Thursday, October 11, 2007

More taxes

And several Congressional hearings have made it clear that there is no justification for private equity’s low tax rate. Its legality rests on outdated provisions of the tax code that should be changed. It is morally indefensible. And it is illogical from a tax perspective.

- NY Times (read full editorial here)

The NY Times never met a tax increase that it did not like.

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