Beneficiaries Quote by Steven Rattner
“As a beneficiary of the carried interest loophole, I've seen firsthand the lack of any difference between the work involved in generating a carried interest and the work done by millions of other professionals who are taxed at the full 35 percent rate.”
About This Quote
Source Speech: Economic Forum, 2018
The carried interest loophole shows that the same work can be taxed differently, revealing unfair tax treatment.
In simple terms: Tax rates differ for similar work due to loopholes.
Key Takeaway
Advocate for tax fairness.
Themes
tax policy
inequality
finance
Mood
analytical
concerned
Type
policy
economic
When to use this quote
- investment banking
- professional earnings
- policy reform
Key Concepts
tax loopholes
fairness in taxation
Questions to Reflect On
- What reforms could close the loophole?
- How would equal taxation impact investment?
A Different Perspective
Changing tax law is politically challenging and may face strong opposition.
![“A [tax loophole is] something that benefits the other guy. If it benefits you, it is tax reform.” quote by Russell B. Long](https://sms4smile.com/quotes/img-quotes/530/russell-b-long-45362_benefits_a-tax-loophole-is-something-that-benefit_2457776.jpg)
![“We simply cannot continue to live with a [tax] system which has so many inequities. It must be changed in such a way that each of us pays a fair share of the burden. It has been said that one man's loophole is another man's livelihood. Even if this is true, it certainly is not fair, because the…” quote by Millicent Fenwick](https://sms4smile.com/quotes/img-quotes/b80/millicent-fenwick-20534_another-man_we-simply-cannot-continue-to-live-with-a_2761654.jpg)
