Tax Breaks for PE Firms are ‘Ridiculous’ – Vanguard’s Bogle

Vanguard Group founder John Bogle spoke with Bloomberg Television’s Betty Liu yesterday at the Bloomberg Link Portfolio Manager Mash-Up conference in New York. Bogle said that lower tax rates for certain types of gains earned by private equity firms are “ridiculous and “I’m arguing for the capital gains rate taxable as ordinary income.” Excerpts from [...]
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