http://www.wweek.com/portland/article-17350-9_things_the_rich_dont_want_you_to_know_about_taxes.html
April 13, 2011
9 Things The Rich Don't Want You To Know About Taxes
John Paulson, the most successful hedge-fund manager of all, bet against the mortgage market one year and then bet with Glenn Beck in the gold market the next. Paulson made himself $9 billion in fees in just two years. His current tax bill on that $9 billion? Zero.
Congress lets hedge-fund managers earn all they can now and pay their taxes years from now.
In 2007, Congress debated whether hedge-fund managers should pay the top tax rate that applies to wages, bonuses and other compensation for their labors, which is 35 percent. That tax rate starts at about $300,000 of taxable incomenot even pocket change to Paulson, but almost 12 years of gross pay to the median-wage worker.
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