NYT – Hedge fund managers don’t use the carried interest tax loophole. They need something more exotic.
Hedge fund managers, after all, have a lot of income to shelter. According to Institutional Investor’s Alpha magazine, the top 25 hedge fund managers collectively earned more than $21 billion last year. As noted by the website Vox, this sum is more than twice the annual income of all the kindergarten teachers in the United States, combined.