<table cellspacing="0" cellpadding="0" border="0" ><tr><td valign="top" style="font: inherit;">Hi, who/what is the 99% Spring Coalition? Thanks so much, and peace, Angela<br><br>--- On <b>Fri, 3/16/12, Aria Littlhous <i><aria@littlhous.net></i></b> wrote:<br><blockquote style="border-left: 2px solid rgb(16, 16, 255); margin-left: 5px; padding-left: 5px;"><br>From: Aria Littlhous <aria@littlhous.net><br>Subject: [Occupybostonoutreach] TAX DAY RALLY 4/17, 5:30 pm, Dewey Sq.<br>To: community_forum@lists.occupyboston.org, "Ideas@lists.occupyboston.org" <ideas@lists.occupyboston.org>, "outreach" <occupybostonoutreach@lists.occupyboston.org>, street@lists.occupyboston.org<br>Date: Friday, March 16, 2012, 3:10 PM<br><br><div class="plainMail">Hello All,<br><br>I just got the word from Right to the City and the other members of<br>the 99% Spring Coalition; the Tax Day Rally will be at Dewey Sq. I<br>don't have an end time,
flyer, or other details yet.<br><br>The Radical Organizing Conference on tomorrow, and the Peace Parade on<br>Sunday are really great places to recruit people for a rally that is<br>mission central: the tax code is how "they" do "it". This is one of<br>the major ways the 1% institutionalize economic inequality. Here's a<br>sound bite for the B side of a flyer:<br><br><br>Hedge Hogs Must Pay!<br>Here’s the lowdown one of the most costly and pernicious giveaways in<br>the tax code. Eliminating this giveaway to billionaires should be at<br>the top of anyone who is serious about deficit reduction’s list.<br>WHAT: The “carried interest” or hedge fund loophole<br>WHO BENEFITS: The managers of financial partnerships, such as hedge<br>funds, private equity funds, venture capital funds, and real estate<br>funds<br>HOW IT WORKS: Nicholas Kristof of the New York Times, in a must-read<br>column, explains:<br>These fund managers are compensated mostly
with a performance bonus of<br>20 percent or more of the profits they make. Under this carried<br>interest loophole, that 20 percent is eligible to be taxed at the<br>long-term capital gains rate (if the fund’s underlying assets are held<br>long enough) of just 15 percent rather than the regular personal<br>income rate of 35 percent.<br>This tax loophole is also intellectually vacuous. The performance fee<br>is a return on the manager’s labor, not his or her capital, so there’s<br>no reason to give it preferential capital gains treatment.<br><br><a href="http://thinkprogress.org/progress-report/the-hedge-fund-handout/?mobile=nc" target="_blank">http://thinkprogress.org/progress-report/the-hedge-fund-handout/?mobile=nc</a><br><br>I will forward a flyer as soon as I can; thanks for your help.<br><br>A.<br>_______________________________________________<br>Occupybostonoutreach mailing list<br><br>Post: <a
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