Sunday, March 1, 2015

Robber Barons Game Tax Structure

Blackstone co-founder Steve Schwarzman took home five hundredths of one percent of his compensation in salary.  The rest of his $690 million in 2014 earnings is taxed at preferred, i.e. lower rates than salary.  Congress had eight years to reign in such obscenities, but instead catered to the PEU crowd.